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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 Long-Term investment with a projected -22.81% first-year return on $196k initial cash invested.

-22.81%

Cash On Cash

1.18%

Cap Rate

0.2

DSCR

$2,381

Rent

-$3,723

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

$196k

Downpayment

20%

$187k

Closing costs

1%

$9,328

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,381

Total Expenses

$6,104

Mortgage P&I

190%

$4,521

Property Taxes

26%

$619

Home Insurance

14%

$345

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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