REI Lense

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$5,196 (target)

12620 Golf Estates Ln, Grand Haven, MI 49417

3 beds • 5 baths • 3530 sqft

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This property looks like a bad Mid-Term investment with a projected -12.02% first-year return on $207k initial cash invested.

-12.02%

Cash On Cash

3.61%

Cap Rate

0.59

DSCR

$5,196

Rent

-$2,074

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,196 income − $7,270 expenses = $2,074 out of pocket

Income$5,196Out of Pocket$2,074Mortgage P&I$4,57088%Property Taxes$61712%Insurance$3156%Management$62412%CapEx$2084%Vacancy$1563%Maintenance$2084%Other$57211%

Investment Breakdown

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Purchase Price

$900k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$207k

Downpayment

20%

$180k

Closing costs

1%

$9,000

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,196

Total Expenses

$7,270

Mortgage P&I

88%

$4,570

Property Taxes

12%

$617

Home Insurance

6%

$315

HOA

0%

$0

Property Management

12%

$624

CapEx

4%

$208

Vacancy

3%

$156

Maintenance

4%

$208

Other

11%

$572

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