REI Lense

REI Lense

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$1,714 (target)

488 W Southern Ave, Muskegon, MI 49441

3 beds • 2 baths • 1405 sqft

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This property looks like a bad Long-Term investment with a projected -0.91% first-year return on $39,438 initial cash invested.

-0.91%

Cash On Cash

6.79%

Cap Rate

1.06

DSCR

$1,714

Rent

-$30

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,714 income − $1,744 expenses = $30 out of pocket

Income$1,714Out of Pocket$30Mortgage P&I$1,00759%Property Taxes$22613%Insurance$654%Management$17110%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,438

Downpayment

20%

$37,560

Closing costs

1%

$1,878

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,714

Total Expenses

$1,744

Mortgage P&I

59%

$1,007

Property Taxes

13%

$226

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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