REI Lense

REI Lense

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$2,080 (target)

246 Birch Dr, Muskegon, MI 49445

3 beds • 2 baths • 1424 sqft

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This property looks like a bad Long-Term investment with a projected -8.63% first-year return on $73,164 initial cash invested.

-8.63%

Cash On Cash

4.64%

Cap Rate

0.76

DSCR

$2,080

Rent

-$526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,080 income − $2,606 expenses = $526 out of pocket

Income$2,080Out of Pocket$526Mortgage P&I$1,76985%Property Taxes$1708%Insurance$1266%Management$20810%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

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Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,164

Downpayment

20%

$69,680

Closing costs

1%

$3,484

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,080

Total Expenses

$2,606

Mortgage P&I

85%

$1,769

Property Taxes

8%

$170

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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