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$2,514 (target)

4363 Lakes Edge Dr, Holland, MI 49424

3 beds • 2 baths • 2256 sqft

$1,505,600

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This property looks like a bad Long-Term investment with a projected -32.65% first-year return on $316k initial cash invested.

-32.65%

Cash On Cash

-0.03%

Cap Rate

0

DSCR

$2,514

Rent

-$8,603

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,514 income − $11,117 expenses = $8,603 out of pocket

Income$2,514Out of Pocket$8,603Mortgage P&I$8,445336%Property Taxes$1,46258%Insurance$55622%Management$25110%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$1506k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$316k

Downpayment

20%

$301k

Closing costs

1%

$15,056

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,514

Total Expenses

$11,117

Mortgage P&I

336%

$8,445

Property Taxes

58%

$1,462

Home Insurance

22%

$556

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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