REI Lense

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$3,120 (target)

246 Birch Dr, Muskegon, MI 49445

3 beds • 2 baths • 1424 sqft

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This property looks like a bad Mid-Term investment with a projected -0.08% first-year return on $91,164 initial cash invested.

-0.08%

Cash On Cash

6.5%

Cap Rate

1.07

DSCR

$3,120

Rent

-$6

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,120 income − $3,126 expenses = $6 out of pocket

Income$3,120Out of Pocket$6Mortgage P&I$1,76957%Property Taxes$1705%Insurance$1264%Management$37412%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34311%

Investment Breakdown

|

Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,164

Downpayment

20%

$69,680

Closing costs

1%

$3,484

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,120

Total Expenses

$3,126

Mortgage P&I

57%

$1,769

Property Taxes

5%

$170

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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