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712 S Grand Traverse St, Flint, MI 48502

8 beds • 8 baths • 5742 sqft • 8 units

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This property could be a profitable Mid-Term investment with a projected 47.68% first-year return on $116k initial cash invested.

47.68%

Cash On Cash

24.71%

Cap Rate

4.03

DSCR

$10,320

Rent

$4,619

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$10,320 income − $5,701 expenses = $4,619 cash flow

Income$10,320Mortgage P&I$1,65916%Property Taxes$4194%Insurance$1141%Management$1,23812%CapEx$4134%Vacancy$3103%Maintenance$4134%Other$1,13511%Cash Flow$4,619

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

15%

$48,000

Cashflow

Total Income

$10,320

Total Expenses

$5,701

Mortgage P&I

16%

$1,659

Property Taxes

4%

$419

Home Insurance

1%

$114

HOA

0%

$0

Property Management

12%

$1,238

CapEx

4%

$413

Vacancy

3%

$310

Maintenance

4%

$413

Other

11%

$1,135

Projection Charts

Investment Value YoY

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