REI Lense

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$2,353 (target)

762 Myrtle Ave, Holland, MI 49423

3 beds • 2 baths • 1138 sqft

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This property looks like a bad Long-Term investment with a projected -7.36% first-year return on $71,127 initial cash invested.

-7.36%

Cash On Cash

5.27%

Cap Rate

0.82

DSCR

$2,353

Rent

-$436

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,353 income − $2,789 expenses = $436 out of pocket

Income$2,353Out of Pocket$436Mortgage P&I$1,80677%Property Taxes$24911%Insurance$1225%Management$23510%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,127

Downpayment

20%

$67,740

Closing costs

1%

$3,387

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,353

Total Expenses

$2,789

Mortgage P&I

77%

$1,806

Property Taxes

11%

$249

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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