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$2,571 (target)

488 W Southern Ave, Muskegon, MI 49441

3 beds • 2 baths • 1405 sqft

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This property might be a fair Mid-Term investment with a projected 8.32% first-year return on $57,438 initial cash invested.

8.32%

Cash On Cash

9.64%

Cap Rate

1.5

DSCR

$2,571

Rent

$398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,571 income − $2,173 expenses = $398 cash flow

Income$2,571Mortgage P&I$1,00739%Property Taxes$2269%Insurance$653%Management$30912%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28311%Cash Flow$398

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,438

Downpayment

20%

$37,560

Closing costs

1%

$1,878

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,571

Total Expenses

$2,173

Mortgage P&I

39%

$1,007

Property Taxes

9%

$226

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$309

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$283

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