REI Lense

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$2,432 (target)

3349 146th Ave, Holland, MI 49424

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $85,179 initial cash invested.

-6.35%

Cash On Cash

5.32%

Cap Rate

0.8

DSCR

$2,432

Rent

-$451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,432 income − $2,883 expenses = $451 out of pocket

Income$2,432Out of Pocket$451Mortgage P&I$1,77373%Property Taxes$1717%Insurance$1125%Management$29212%CapEx$974%Vacancy$733%Maintenance$974%Other$26811%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,432

Total Expenses

$2,883

Mortgage P&I

73%

$1,773

Property Taxes

7%

$171

Home Insurance

5%

$112

HOA

0%

$0

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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