REI Lense

REI Lense

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$2,734 (target)

6361 Fenton Rd, Flint, MI 48507

3 beds • 2 baths • 1634 sqft

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This property might be a fair Mid-Term investment with a projected 0.89% first-year return on $69,954 initial cash invested.

0.89%

Cash On Cash

7.31%

Cap Rate

1.12

DSCR

$2,734

Rent

$52

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,954

Downpayment

20%

$49,480

Closing costs

1%

$2,474

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,734

Total Expenses

$2,682

Mortgage P&I

49%

$1,347

Property Taxes

12%

$318

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$328

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$301

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