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$2,206 (target)

1918 Franklin St, Muskegon, MI 49441

3 beds • 2 baths • 1200 sqft

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This property might be a fair Mid-Term investment with a projected 4.63% first-year return on $57,543 initial cash invested.

4.63%

Cash On Cash

8.4%

Cap Rate

1.31

DSCR

$2,206

Rent

$222

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,206 income − $1,984 expenses = $222 cash flow

Income$2,206Mortgage P&I$1,00846%Property Taxes$1587%Insurance$683%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%Cash Flow$222

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,543

Downpayment

20%

$37,660

Closing costs

1%

$1,883

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,206

Total Expenses

$1,984

Mortgage P&I

46%

$1,008

Property Taxes

7%

$158

Home Insurance

3%

$68

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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