REI Lense

REI Lense

Unlock all features! Tap here to upgrade

1845 Spencer Dr, Muskegon, MI 49441

3 beds • 2 baths • 2150 sqft

Email

This property looks like a bad Airbnb investment with a projected -6.6% first-year return on $87,594 initial cash invested.

-6.6%

Cash On Cash

4.64%

Cap Rate

0.78

DSCR

$3,146

Rent

-$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

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

$3,146

Total Expenses

$3,628

Mortgage P&I

52%

$1,637

Property Taxes

12%

$362

Home Insurance

4%

$119

HOA

0%

$0

Property Management

15%

$472

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$786

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis