REI Lense

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$2,101 (target)

4809 40th Ave, Hudsonville, MI 49426

3 beds • 2 baths • 2743 sqft

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This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $87,150 initial cash invested.

-13.67%

Cash On Cash

3.56%

Cap Rate

0.58

DSCR

$2,101

Rent

-$993

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,101 income − $3,094 expenses = $993 out of pocket

Income$2,101Out of Pocket$993Mortgage P&I$2,119101%Property Taxes$28414%Insurance$1457%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,150

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,101

Total Expenses

$3,094

Mortgage P&I

101%

$2,119

Property Taxes

14%

$284

Home Insurance

7%

$145

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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