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$3,154 (target)

365 Big Bay Dr, Holland, MI 49424

3 beds • 3 baths • 2106 sqft

$1,501,000

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This property looks like a bad Long-Term investment with a projected -25.56% first-year return on $315k initial cash invested.

-25.56%

Cash On Cash

0.85%

Cap Rate

0.14

DSCR

$3,154

Rent

-$6,715

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,154 income − $9,869 expenses = $6,715 out of pocket

Income$3,154Out of Pocket$6,715Mortgage P&I$7,621242%Property Taxes$87028%Insurance$55818%Management$31510%CapEx$1585%Vacancy$1896%Maintenance$1585%

Investment Breakdown

|

Purchase Price

$1501k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$315k

Downpayment

20%

$300k

Closing costs

1%

$15,010

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,154

Total Expenses

$9,869

Mortgage P&I

242%

$7,621

Property Taxes

28%

$870

Home Insurance

18%

$558

HOA

0%

$0

Property Management

10%

$315

CapEx

5%

$158

Vacancy

6%

$189

Maintenance

5%

$158

Other

0%

$0

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