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$3,771 (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 Mid-Term investment with a projected -28.64% first-year return on $334k initial cash invested.

-28.64%

Cash On Cash

0.49%

Cap Rate

0.07

DSCR

$3,771

Rent

-$7,975

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,771 income − $11,746 expenses = $7,975 out of pocket

Income$3,771Out of Pocket$7,975Mortgage P&I$8,445224%Property Taxes$1,46239%Insurance$55615%Management$45312%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41511%

Investment Breakdown

|

Purchase Price

$1506k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$334k

Downpayment

20%

$301k

Closing costs

1%

$15,056

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,771

Total Expenses

$11,746

Mortgage P&I

224%

$8,445

Property Taxes

39%

$1,462

Home Insurance

15%

$556

HOA

0%

$0

Property Management

12%

$453

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$415

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