REI Lense

REI Lense

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$1,571 (target)

3104 E Apple Ave, Muskegon, MI 49442

3 beds • 2 baths • 1460 sqft

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This property looks like a bad Long-Term investment with a projected -7.8% first-year return on $45,255 initial cash invested.

-7.8%

Cash On Cash

5.16%

Cap Rate

0.81

DSCR

$1,571

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,255

Downpayment

20%

$43,100

Closing costs

1%

$2,155

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,571

Total Expenses

$1,865

Mortgage P&I

73%

$1,142

Property Taxes

15%

$237

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$79

Vacancy

6%

$94

Maintenance

5%

$79

Other

0%

$0

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