REI Lense

REI Lense

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$1,558 (target)

477 Orchard Ave, Muskegon, MI 49442

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -4.78% first-year return on $39,165 initial cash invested.

-4.78%

Cash On Cash

5.92%

Cap Rate

0.92

DSCR

$1,558

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,558 income − $1,714 expenses = $156 out of pocket

Income$1,558Out of Pocket$156Mortgage P&I$99864%Property Taxes$24516%Insurance$664%Management$15610%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,165

Downpayment

20%

$37,300

Closing costs

1%

$1,865

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,558

Total Expenses

$1,714

Mortgage P&I

64%

$998

Property Taxes

16%

$245

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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