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$2,904 (target)

531 E Chadwick Dr, Muskegon, MI 49445

3 beds • 2 baths • 1824 sqft

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This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $77,388 initial cash invested.

2.9%

Cash On Cash

7.39%

Cap Rate

1.21

DSCR

$2,904

Rent

$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,904 income − $2,717 expenses = $187 cash flow

Income$2,904Mortgage P&I$1,43850%Property Taxes$1917%Insurance$1024%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%Cash Flow$187

Investment Breakdown

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Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,388

Downpayment

20%

$56,560

Closing costs

1%

$2,828

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,904

Total Expenses

$2,717

Mortgage P&I

50%

$1,438

Property Taxes

7%

$191

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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