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$2,642 (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 Long-Term investment with a projected -28.94% first-year return on $287k initial cash invested.

-28.94%

Cash On Cash

0.45%

Cap Rate

0.07

DSCR

$2,642

Rent

-$6,924

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,642 income − $9,566 expenses = $6,924 out of pocket

Income$2,642Out of Pocket$6,924Mortgage P&I$7,299276%Property Taxes$1,07241%Insurance$50819%Management$26410%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

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Purchase Price

$1367k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$287k

Downpayment

20%

$273k

Closing costs

1%

$13,671

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,642

Total Expenses

$9,566

Mortgage P&I

276%

$7,299

Property Taxes

41%

$1,072

Home Insurance

19%

$508

HOA

0%

$0

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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