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1209 Morris Dr, Niles, MI 49120

3 beds • 2 baths • 2074 sqft

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This property looks like a bad Airbnb investment with a projected -11% first-year return on $134k initial cash invested.

-11%

Cash On Cash

3.8%

Cap Rate

0.62

DSCR

$3,973

Rent

-$1,226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,973 income − $5,199 expenses = $1,226 out of pocket

Income$3,973Out of Pocket$1,226Mortgage P&I$2,81371%Property Taxes$2867%Insurance$1935%Management$59615%CapEx$1594%Maintenance$1594%Other$99325%

Investment Breakdown

|

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

$3,973

Total Expenses

$5,199

Mortgage P&I

71%

$2,813

Property Taxes

7%

$286

Home Insurance

5%

$193

HOA

0%

$0

Property Management

15%

$596

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$993

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