REI Lense

REI Lense

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$1,471 (target)

1918 Franklin St, Muskegon, MI 49441

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -4.43% first-year return on $39,543 initial cash invested.

-4.43%

Cash On Cash

5.96%

Cap Rate

0.93

DSCR

$1,471

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,471 income − $1,617 expenses = $146 out of pocket

Income$1,471Out of Pocket$146Mortgage P&I$1,00869%Property Taxes$15811%Insurance$685%Management$14710%CapEx$745%Vacancy$886%Maintenance$745%

Investment Breakdown

|

Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,543

Downpayment

20%

$37,660

Closing costs

1%

$1,883

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,471

Total Expenses

$1,617

Mortgage P&I

69%

$1,008

Property Taxes

11%

$158

Home Insurance

5%

$68

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$74

Vacancy

6%

$88

Maintenance

5%

$74

Other

0%

$0

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