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$2,331 (target)

1635 Roberts St, Muskegon, MI 49442

3 beds • 2 baths • 1334 sqft

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This property might be a fair Mid-Term investment with a projected 5.83% first-year return on $56,850 initial cash invested.

5.83%

Cash On Cash

8.94%

Cap Rate

1.37

DSCR

$2,331

Rent

$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,331 income − $2,055 expenses = $276 cash flow

Income$2,331Mortgage P&I$1,01043%Property Taxes$1888%Insurance$653%Management$28012%CapEx$934%Vacancy$703%Maintenance$934%Other$25611%Cash Flow$276

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,331

Total Expenses

$2,055

Mortgage P&I

43%

$1,010

Property Taxes

8%

$188

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$280

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$256

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