REI Lense

REI Lense

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$2,440 (target)

1060 Legion Park Dr, Holland, MI 49423

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $78,750 initial cash invested.

-8.79%

Cash On Cash

4.93%

Cap Rate

0.77

DSCR

$2,440

Rent

-$577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,440 income − $3,017 expenses = $577 out of pocket

Income$2,440Out of Pocket$577Mortgage P&I$1,99682%Property Taxes$25610%Insurance$1315%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,440

Total Expenses

$3,017

Mortgage P&I

82%

$1,996

Property Taxes

10%

$256

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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