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$1,956 (target)

2756 Marquette Ave, Muskegon, MI 49442

3 beds • 2 baths • 1841 sqft

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This property looks like a bad Mid-Term investment with a projected -10.87% first-year return on $91,479 initial cash invested.

-10.87%

Cash On Cash

3.66%

Cap Rate

0.59

DSCR

$1,956

Rent

-$829

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,956 income − $2,785 expenses = $829 out of pocket

Income$1,956Out of Pocket$829Mortgage P&I$1,81793%Property Taxes$1819%Insurance$1226%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21511%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,956

Total Expenses

$2,785

Mortgage P&I

93%

$1,817

Property Taxes

9%

$181

Home Insurance

6%

$122

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$215

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