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5247 Lake Harbor Rd, Muskegon, MI 49441

3 beds • 2 baths • 1889 sqft

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This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $85,431 initial cash invested.

-1.95%

Cash On Cash

5.81%

Cap Rate

0.98

DSCR

$2,859

Rent

-$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,431

Downpayment

20%

$64,220

Closing costs

1%

$3,211

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,859

Total Expenses

$2,998

Mortgage P&I

55%

$1,579

Property Taxes

12%

$332

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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