REI Lense

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$3,381 (target)

5449 S Genesee Rd, Grand Blanc, MI 48439

3 beds • 2 baths • 1896 sqft

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This property might be a fair Mid-Term investment with a projected 5.86% first-year return on $76,569 initial cash invested.

5.86%

Cash On Cash

8.52%

Cap Rate

1.35

DSCR

$3,381

Rent

$374

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,381 income − $3,007 expenses = $374 cash flow

Income$3,381Mortgage P&I$1,47244%Property Taxes$2989%Insurance$883%Management$40612%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37211%Cash Flow$374

Investment Breakdown

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Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,569

Downpayment

20%

$55,780

Closing costs

1%

$2,789

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,381

Total Expenses

$3,007

Mortgage P&I

44%

$1,472

Property Taxes

9%

$298

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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