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712 S Grand Traverse St, Flint, MI 48502
8 beds • 8 baths • 5742 sqft • 8 units
$325,000
View on ZillowThis property could be a profitable Long-Term investment with a projected 50.97% first-year return on $68,250 initial cash invested.
50.97%
Cash On Cash
18.1%
Cap Rate
2.95
DSCR
$6,880
Rent
$2,899
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,880 income − $3,981 expenses = $2,899 cash flow
Investment Breakdown
|
Purchase Price
$325k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,250
Downpayment
20%
$65,000
Closing costs
1%
$3,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,880
Total Expenses
$3,981
Mortgage P&I
24%
$1,659
Property Taxes
6%
$419
Home Insurance
2%
$114
HOA
0%
$0
Property Management
10%
$688
CapEx
5%
$344
Vacancy
6%
$413
Maintenance
5%
$344
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
337 Sheffield Ave Apt D, Flint, MI 48503 | $900 | 1 | 1 | 564 | 1.6 mi |
343 Sheffield Ave Apt C, Flint, MI 48503 | $900 | 1 | 1 | 564 | 1.6 mi |
343 Sheffield Ave Apt B, Flint, MI 48503 | $900 | 1 | 1 | 564 | 1.6 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY