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$3,530 (target)

762 Myrtle Ave, Holland, MI 49423

3 beds • 2 baths • 1138 sqft

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This property might be a fair Mid-Term investment with a projected 2.06% first-year return on $89,127 initial cash invested.

2.06%

Cash On Cash

7.44%

Cap Rate

1.16

DSCR

$3,530

Rent

$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,530 income − $3,377 expenses = $153 cash flow

Income$3,530Mortgage P&I$1,80651%Property Taxes$2497%Insurance$1223%Management$42412%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%Cash Flow$153

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,127

Downpayment

20%

$67,740

Closing costs

1%

$3,387

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,530

Total Expenses

$3,377

Mortgage P&I

51%

$1,806

Property Taxes

7%

$249

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$424

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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