REI Lense

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$4,203 (target)

6703 28th Ave, Hudsonville, MI 49426

3 beds • 2 baths • 1789 sqft

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This property might be a fair Mid-Term investment with a projected 6.53% first-year return on $95,322 initial cash invested.

6.53%

Cash On Cash

8.32%

Cap Rate

1.37

DSCR

$4,203

Rent

$519

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,203 income − $3,684 expenses = $519 cash flow

Income$4,203Mortgage P&I$1,86644%Property Taxes$2596%Insurance$1313%Management$50412%CapEx$1684%Vacancy$1263%Maintenance$1684%Other$46211%Cash Flow$519

Investment Breakdown

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Purchase Price

$368k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,322

Downpayment

20%

$73,640

Closing costs

1%

$3,682

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,203

Total Expenses

$3,684

Mortgage P&I

44%

$1,866

Property Taxes

6%

$259

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$504

CapEx

4%

$168

Vacancy

3%

$126

Maintenance

4%

$168

Other

11%

$462

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