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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 Mid-Term investment with a projected -3.27% first-year return on $87,594 initial cash invested.

-3.27%

Cash On Cash

5.47%

Cap Rate

0.92

DSCR

$2,847

Rent

-$239

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

$87,594

Downpayment

20%

$66,280

Closing costs

1%

$3,314

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,847

Total Expenses

$3,086

Mortgage P&I

57%

$1,637

Property Taxes

13%

$362

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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