REI Lense

REI Lense

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$3,171 (target)

125 Scenic View Dr, Niles, MI 49120

3 beds • 3 baths • 3003 sqft

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This property looks like a bad Mid-Term investment with a projected -6.94% first-year return on $117k initial cash invested.

-6.94%

Cash On Cash

4.52%

Cap Rate

0.76

DSCR

$3,171

Rent

-$675

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,000

Closing costs

1%

$4,700

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,171

Total Expenses

$3,846

Mortgage P&I

73%

$2,317

Property Taxes

9%

$286

Home Insurance

5%

$164

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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