REI Lense

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$2,496 (target)

1145 W Lakewood Blvd, Holland, MI 49424

3 beds • 2 baths • 1956 sqft

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This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $82,950 initial cash invested.

-11.02%

Cash On Cash

4.69%

Cap Rate

0.71

DSCR

$2,496

Rent

-$762

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,496 income − $3,258 expenses = $762 out of pocket

Income$2,496Out of Pocket$762Mortgage P&I$2,18287%Property Taxes$28812%Insurance$1386%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,950

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,496

Total Expenses

$3,258

Mortgage P&I

87%

$2,182

Property Taxes

12%

$288

Home Insurance

6%

$138

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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