REI Lense

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$2,949 (target)

408 Arthur Ave, Holland, MI 49424

3 beds • 2 baths • 1458 sqft

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This property looks like a bad Mid-Term investment with a projected -2.55% first-year return on $88,434 initial cash invested.

-2.55%

Cash On Cash

5.83%

Cap Rate

0.96

DSCR

$2,949

Rent

-$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,949 income − $3,137 expenses = $188 out of pocket

Income$2,949Out of Pocket$188Mortgage P&I$1,70058%Property Taxes$31411%Insurance$1214%Management$35412%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,434

Downpayment

20%

$67,080

Closing costs

1%

$3,354

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,949

Total Expenses

$3,137

Mortgage P&I

58%

$1,700

Property Taxes

11%

$314

Home Insurance

4%

$121

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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