REI Lense

REI Lense

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$1,679 (target)

87 Monroe Ave, Muskegon, MI 49440

3 beds • 2 baths • 1531 sqft

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This property looks like a bad Long-Term investment with a projected -2.93% first-year return on $40,173 initial cash invested.

-2.93%

Cash On Cash

6.21%

Cap Rate

0.99

DSCR

$1,679

Rent

-$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,679 income − $1,777 expenses = $98 out of pocket

Income$1,679Out of Pocket$98Mortgage P&I$1,00460%Property Taxes$24815%Insurance$885%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$191k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,173

Downpayment

20%

$38,260

Closing costs

1%

$1,913

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,679

Total Expenses

$1,777

Mortgage P&I

60%

$1,004

Property Taxes

15%

$248

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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