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$1,966 (target)

408 Arthur Ave, Holland, MI 49424

3 beds • 2 baths • 1458 sqft

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This property looks like a bad Long-Term investment with a projected -11.59% first-year return on $70,434 initial cash invested.

-11.59%

Cash On Cash

4%

Cap Rate

0.66

DSCR

$1,966

Rent

-$680

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,966 income − $2,646 expenses = $680 out of pocket

Income$1,966Out of Pocket$680Mortgage P&I$1,70086%Property Taxes$31416%Insurance$1216%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,434

Downpayment

20%

$67,080

Closing costs

1%

$3,354

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,966

Total Expenses

$2,646

Mortgage P&I

86%

$1,700

Property Taxes

16%

$314

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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