REI Lense

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$1,850 (target)

801 144th Ave, Holland, MI 49424

3 beds • 2 baths • 1179 sqft

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This property looks like a bad Long-Term investment with a projected -11.44% first-year return on $64,848 initial cash invested.

-11.44%

Cash On Cash

3.91%

Cap Rate

0.66

DSCR

$1,850

Rent

-$618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,850 income − $2,468 expenses = $618 out of pocket

Income$1,850Out of Pocket$618Mortgage P&I$1,53183%Property Taxes$34719%Insurance$1106%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,848

Downpayment

20%

$61,760

Closing costs

1%

$3,088

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,850

Total Expenses

$2,468

Mortgage P&I

83%

$1,531

Property Taxes

19%

$347

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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