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$4,731 (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 Mid-Term investment with a projected -21.34% first-year return on $333k initial cash invested.

-21.34%

Cash On Cash

1.51%

Cap Rate

0.25

DSCR

$4,731

Rent

-$5,926

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,731 income − $10,657 expenses = $5,926 out of pocket

Income$4,731Out of Pocket$5,926Mortgage P&I$7,621161%Property Taxes$87018%Insurance$55812%Management$56812%CapEx$1894%Vacancy$1423%Maintenance$1894%Other$52011%

Investment Breakdown

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Purchase Price

$1501k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$333k

Downpayment

20%

$300k

Closing costs

1%

$15,010

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,731

Total Expenses

$10,657

Mortgage P&I

161%

$7,621

Property Taxes

18%

$870

Home Insurance

12%

$558

HOA

0%

$0

Property Management

12%

$568

CapEx

4%

$189

Vacancy

3%

$142

Maintenance

4%

$189

Other

11%

$520

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