REI Lense

REI Lense

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$2,352 (target)

838 S Shore Dr, Holland, MI 49423

3 beds • 2 baths • 1245 sqft

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This property looks like a bad Long-Term investment with a projected -12.72% first-year return on $97,440 initial cash invested.

-12.72%

Cash On Cash

3.57%

Cap Rate

0.6

DSCR

$2,352

Rent

-$1,033

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,352 income − $3,385 expenses = $1,033 out of pocket

Income$2,352Out of Pocket$1,033Mortgage P&I$2,29498%Property Taxes$30913%Insurance$1707%Management$23510%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,440

Downpayment

20%

$92,800

Closing costs

1%

$4,640

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,352

Total Expenses

$3,385

Mortgage P&I

98%

$2,294

Property Taxes

13%

$309

Home Insurance

7%

$170

HOA

0%

$0

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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