REI Lense

REI Lense

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$1,952 (target)

G3377 S Mackin Rd, Flint, MI 48504

3 beds • 2 baths • 1345 sqft

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This property might be a fair Mid-Term investment with a projected 6.28% first-year return on $51,180 initial cash invested.

6.28%

Cash On Cash

8.92%

Cap Rate

1.42

DSCR

$1,952

Rent

$268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$158k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,180

Downpayment

20%

$31,600

Closing costs

1%

$1,580

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,952

Total Expenses

$1,684

Mortgage P&I

42%

$829

Property Taxes

7%

$136

Home Insurance

3%

$55

HOA

0%

$0

Property Management

12%

$234

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$215

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