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$4,431 (target)

1505 N Green Creek Rd, Muskegon, MI 49445

3 beds • 4 baths • 2772 sqft

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This property looks like a bad Mid-Term investment with a projected -8.42% first-year return on $138k initial cash invested.

-8.42%

Cash On Cash

4.61%

Cap Rate

0.74

DSCR

$4,431

Rent

-$971

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,431 income − $5,402 expenses = $971 out of pocket

Income$4,431Out of Pocket$971Mortgage P&I$2,99868%Property Taxes$68916%Insurance$2095%Management$53212%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48711%

Investment Breakdown

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Purchase Price

$573k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$115k

Closing costs

1%

$5,732

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,431

Total Expenses

$5,402

Mortgage P&I

68%

$2,998

Property Taxes

16%

$689

Home Insurance

5%

$209

HOA

0%

$0

Property Management

12%

$532

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$487

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