REI Lense

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$2,377 (target)

409 Legrande St, Holly, MI 48442

3 beds • 2 baths • 2026 sqft

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This property looks like a bad Long-Term investment with a projected -5.74% first-year return on $53,298 initial cash invested.

-5.74%

Cash On Cash

5.8%

Cap Rate

0.9

DSCR

$2,377

Rent

-$255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,377 income − $2,632 expenses = $255 out of pocket

Income$2,377Out of Pocket$255Mortgage P&I$1,36357%Property Taxes$58925%Insurance$613%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,298

Downpayment

20%

$50,760

Closing costs

1%

$2,538

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,377

Total Expenses

$2,632

Mortgage P&I

57%

$1,363

Property Taxes

25%

$589

Home Insurance

3%

$61

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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