REI Lense

REI Lense

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$2,356 (target)

3104 E Apple Ave, Muskegon, MI 49442

3 beds • 2 baths • 1460 sqft

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This property might be a fair Mid-Term investment with a projected 1.88% first-year return on $63,255 initial cash invested.

1.88%

Cash On Cash

7.43%

Cap Rate

1.17

DSCR

$2,356

Rent

$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,356 income − $2,257 expenses = $99 cash flow

Income$2,356Mortgage P&I$1,14248%Property Taxes$23710%Insurance$773%Management$28312%CapEx$944%Vacancy$713%Maintenance$944%Other$25911%Cash Flow$99

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,255

Downpayment

20%

$43,100

Closing costs

1%

$2,155

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,356

Total Expenses

$2,257

Mortgage P&I

48%

$1,142

Property Taxes

10%

$237

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$283

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$259

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