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$3,610 (target)

2797 N 168th Ave, Holland, MI 49424

3 beds • 2 baths • 1625 sqft

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This property looks like a bad Mid-Term investment with a projected -16.63% first-year return on $139k initial cash invested.

-16.63%

Cash On Cash

2.91%

Cap Rate

0.44

DSCR

$3,610

Rent

-$1,931

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,610 income − $5,541 expenses = $1,931 out of pocket

Income$3,610Out of Pocket$1,931Mortgage P&I$3,18788%Property Taxes$91825%Insurance$2106%Management$43312%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39711%

Investment Breakdown

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Purchase Price

$578k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$116k

Closing costs

1%

$5,778

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,610

Total Expenses

$5,541

Mortgage P&I

88%

$3,187

Property Taxes

25%

$918

Home Insurance

6%

$210

HOA

0%

$0

Property Management

12%

$433

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$397

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