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$3,963 (target)

4335 Lakes Edge Dr, Holland, MI 49424

3 beds • 2 baths • 1844 sqft

$1,367,100

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This property looks like a bad Mid-Term investment with a projected -24.64% first-year return on $305k initial cash invested.

-24.64%

Cash On Cash

1.05%

Cap Rate

0.16

DSCR

$3,963

Rent

-$6,265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,963 income − $10,228 expenses = $6,265 out of pocket

Income$3,963Out of Pocket$6,265Mortgage P&I$7,299184%Property Taxes$1,07227%Insurance$50813%Management$47612%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43611%

Investment Breakdown

|

Purchase Price

$1367k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$305k

Downpayment

20%

$273k

Closing costs

1%

$13,671

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,963

Total Expenses

$10,228

Mortgage P&I

184%

$7,299

Property Taxes

27%

$1,072

Home Insurance

13%

$508

HOA

0%

$0

Property Management

12%

$476

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$436

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