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1845 Spencer Dr, Muskegon, MI 49441

3 beds • 2 baths • 2150 sqft

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This property looks like a bad Long-Term investment with a projected -12.31% first-year return on $69,594 initial cash invested.

-12.31%

Cash On Cash

3.69%

Cap Rate

0.62

DSCR

$1,898

Rent

-$714

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,594

Downpayment

20%

$66,280

Closing costs

1%

$3,314

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,898

Total Expenses

$2,612

Mortgage P&I

86%

$1,637

Property Taxes

19%

$362

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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