REI Lense

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$2,337 (target)

477 Orchard Ave, Muskegon, MI 49442

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 4.93% first-year return on $57,165 initial cash invested.

4.93%

Cash On Cash

8.53%

Cap Rate

1.33

DSCR

$2,337

Rent

$235

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,337 income − $2,102 expenses = $235 cash flow

Income$2,337Mortgage P&I$99843%Property Taxes$24510%Insurance$663%Management$28012%CapEx$934%Vacancy$703%Maintenance$934%Other$25711%Cash Flow$235

Investment Breakdown

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Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,165

Downpayment

20%

$37,300

Closing costs

1%

$1,865

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,337

Total Expenses

$2,102

Mortgage P&I

43%

$998

Property Taxes

10%

$245

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$280

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$257

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