REI Lense

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$5,511 (target)

6514 Creekwood Dr, Holland, MI 49423

3 beds • 4 baths • 5316 sqft

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This property looks like a bad Mid-Term investment with a projected -14.35% first-year return on $223k initial cash invested.

-14.35%

Cash On Cash

3.16%

Cap Rate

0.51

DSCR

$5,511

Rent

-$2,670

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,511 income − $8,181 expenses = $2,670 out of pocket

Income$5,511Out of Pocket$2,670Mortgage P&I$5,02091%Property Taxes$80115%Insurance$4558%HOA$331%Management$66112%CapEx$2204%Vacancy$1653%Maintenance$2204%Other$60611%

Investment Breakdown

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Purchase Price

$977k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$223k

Downpayment

20%

$195k

Closing costs

1%

$9,774

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,511

Total Expenses

$8,181

Mortgage P&I

91%

$5,020

Property Taxes

15%

$801

Home Insurance

8%

$455

HOA

1%

$33

Property Management

12%

$661

CapEx

4%

$220

Vacancy

3%

$165

Maintenance

4%

$220

Other

11%

$606

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