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6480 Island Lake Rd, Holland, MI 49423

3 beds • 2 baths • 1872 sqft

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This property looks like a bad Mid-Term investment with a projected -17.55% first-year return on $214k initial cash invested.

-17.55%

Cash On Cash

1.98%

Cap Rate

0.34

DSCR

$3,572

Rent

-$3,128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$933k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$214k

Downpayment

20%

$187k

Closing costs

1%

$9,328

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,572

Total Expenses

$6,700

Mortgage P&I

127%

$4,521

Property Taxes

17%

$619

Home Insurance

10%

$345

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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