REI Lense

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$3,008 (target)

1209 Morris Dr, Niles, MI 49120

3 beds • 2 baths • 2074 sqft

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This property looks like a bad Mid-Term investment with a projected -11.72% first-year return on $134k initial cash invested.

-11.72%

Cash On Cash

3.54%

Cap Rate

0.58

DSCR

$3,008

Rent

-$1,306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,008 income − $4,314 expenses = $1,306 out of pocket

Income$3,008Out of Pocket$1,306Mortgage P&I$2,81394%Property Taxes$28610%Insurance$1936%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%

Investment Breakdown

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Purchase Price

$551k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,509

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,008

Total Expenses

$4,314

Mortgage P&I

94%

$2,813

Property Taxes

10%

$286

Home Insurance

6%

$193

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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