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$3,906 (target)

6395 143rd Ave, Holland, MI 49423

3 beds • 4 baths • 1944 sqft

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This property looks like a bad Mid-Term investment with a projected -10.22% first-year return on $152k initial cash invested.

-10.22%

Cash On Cash

3.96%

Cap Rate

0.65

DSCR

$3,906

Rent

-$1,298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,906 income − $5,204 expenses = $1,298 out of pocket

Income$3,906Out of Pocket$1,298Mortgage P&I$3,25683%Property Taxes$39610%Insurance$2246%Management$46912%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$43011%

Investment Breakdown

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Purchase Price

$640k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$128k

Closing costs

1%

$6,399

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,906

Total Expenses

$5,204

Mortgage P&I

83%

$3,256

Property Taxes

10%

$396

Home Insurance

6%

$224

HOA

0%

$0

Property Management

12%

$469

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$430

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