REI Lense

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$3,524 (target)

13407 152nd Ave, Grand Haven, MI 49417

3 beds • 2 baths • 1856 sqft

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This property looks like a bad Mid-Term investment with a projected -3.75% first-year return on $105k initial cash invested.

-3.75%

Cash On Cash

5.55%

Cap Rate

0.91

DSCR

$3,524

Rent

-$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,524 income − $3,852 expenses = $328 out of pocket

Income$3,524Out of Pocket$328Mortgage P&I$2,10060%Property Taxes$35210%Insurance$2016%Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%

Investment Breakdown

|

Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,720

Closing costs

1%

$4,136

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,524

Total Expenses

$3,852

Mortgage P&I

60%

$2,100

Property Taxes

10%

$352

Home Insurance

6%

$201

HOA

0%

$0

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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