REI Lense

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$3,228 (target)

2006 Lake Ave, Muskegon, MI 49445

3 beds • 2 baths • 1358 sqft

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This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $105k initial cash invested.

-7.4%

Cash On Cash

4.55%

Cap Rate

0.75

DSCR

$3,228

Rent

-$649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,228 income − $3,877 expenses = $649 out of pocket

Income$3,228Out of Pocket$649Mortgage P&I$2,09765%Property Taxes$53417%Insurance$1495%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

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Purchase Price

$416k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,100

Closing costs

1%

$4,155

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,228

Total Expenses

$3,877

Mortgage P&I

65%

$2,097

Property Taxes

17%

$534

Home Insurance

5%

$149

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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