REI Lense

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$4,372 (target)

16815 Watersedge Dr, Grand Haven, MI 49417

3 beds • 2 baths • 2133 sqft

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This property looks like a bad Mid-Term investment with a projected -1.89% first-year return on $129k initial cash invested.

-1.89%

Cash On Cash

5.9%

Cap Rate

0.99

DSCR

$4,372

Rent

-$203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,372 income − $4,575 expenses = $203 out of pocket

Income$4,372Out of Pocket$203Mortgage P&I$2,62960%Property Taxes$2676%Insurance$1924%Management$52512%CapEx$1754%Vacancy$1313%Maintenance$1754%Other$48111%

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,287

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,372

Total Expenses

$4,575

Mortgage P&I

60%

$2,629

Property Taxes

6%

$267

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$525

CapEx

4%

$175

Vacancy

3%

$131

Maintenance

4%

$175

Other

11%

$481

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