REI Lense

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$1,304 (target)

2756 Marquette Ave, Muskegon, MI 49442

3 beds • 2 baths • 1841 sqft

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This property looks like a bad Long-Term investment with a projected -18.85% first-year return on $73,479 initial cash invested.

-18.85%

Cash On Cash

2.5%

Cap Rate

0.4

DSCR

$1,304

Rent

-$1,154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,304 income − $2,458 expenses = $1,154 out of pocket

Income$1,304Out of Pocket$1,154Mortgage P&I$1,817139%Property Taxes$18114%Insurance$1229%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,304

Total Expenses

$2,458

Mortgage P&I

139%

$1,817

Property Taxes

14%

$181

Home Insurance

9%

$122

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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