REI Lense

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$2,802 (target)

6703 28th Ave, Hudsonville, MI 49426

3 beds • 2 baths • 1789 sqft

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This property looks like a bad Long-Term investment with a projected -2.82% first-year return on $77,322 initial cash invested.

-2.82%

Cash On Cash

5.94%

Cap Rate

0.98

DSCR

$2,802

Rent

-$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,802 income − $2,984 expenses = $182 out of pocket

Income$2,802Out of Pocket$182Mortgage P&I$1,86667%Property Taxes$2599%Insurance$1315%Management$28010%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

|

Purchase Price

$368k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,322

Downpayment

20%

$73,640

Closing costs

1%

$3,682

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,802

Total Expenses

$2,984

Mortgage P&I

67%

$1,866

Property Taxes

9%

$259

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$280

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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