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$1,530 (target)

955 Salisbury Ave, Flint, MI 48532

3 beds • 2 baths • 1754 sqft

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This property could be a profitable Mid-Term investment with a projected 21.23% first-year return on $31,482 initial cash invested.

21.23%

Cash On Cash

17.91%

Cap Rate

2.82

DSCR

$1,530

Rent

$557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,530 income − $973 expenses = $557 cash flow

Income$1,530Mortgage P&I$34022%Property Taxes$896%Insurance$242%Management$18412%CapEx$614%Vacancy$463%Maintenance$614%Other$16811%Cash Flow$557

Investment Breakdown

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Purchase Price

$64,200

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,482

Downpayment

20%

$12,840

Closing costs

1%

$642

Rehab

0%

$0

Furnishing

28%

$18,000

Cashflow

Total Income

$1,530

Total Expenses

$973

Mortgage P&I

22%

$340

Property Taxes

6%

$89

Home Insurance

2%

$24

HOA

0%

$0

Property Management

12%

$184

CapEx

4%

$61

Vacancy

3%

$46

Maintenance

4%

$61

Other

11%

$168

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