REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$5,644 (target)

604 28th Ave, Hudsonville, MI 49426

3 beds • 4 baths • 3558 sqft

$1,500,000

View on Zillow
Email

This property looks like a bad Mid-Term investment with a projected -18.27% first-year return on $333k initial cash invested.

-18.27%

Cash On Cash

2.22%

Cap Rate

0.36

DSCR

$5,644

Rent

-$5,069

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,644 income − $10,713 expenses = $5,069 out of pocket

Income$5,644Out of Pocket$5,069Mortgage P&I$7,616135%Property Taxes$65312%Insurance$5259%Management$67712%CapEx$2264%Vacancy$1693%Maintenance$2264%Other$62111%

Investment Breakdown

|

Purchase Price

$1500k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$333k

Downpayment

20%

$300k

Closing costs

1%

$15,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,644

Total Expenses

$10,713

Mortgage P&I

135%

$7,616

Property Taxes

12%

$653

Home Insurance

9%

$525

HOA

0%

$0

Property Management

12%

$677

CapEx

4%

$226

Vacancy

3%

$169

Maintenance

4%

$226

Other

11%

$621

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis