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1303 Marion St, Niles, MI 49120

3 beds • 3 baths • 1820 sqft

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This property might be a fair Mid-Term investment with a projected 4.14% first-year return on $75,372 initial cash invested.

4.14%

Cash On Cash

7.67%

Cap Rate

1.28

DSCR

$3,030

Rent

$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,372

Downpayment

20%

$54,640

Closing costs

1%

$2,732

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,030

Total Expenses

$2,770

Mortgage P&I

45%

$1,366

Property Taxes

9%

$276

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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