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1303 Marion St, Niles, MI 49120

3 beds • 3 baths • 1820 sqft

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This property looks like a bad Long-Term investment with a projected -5.12% first-year return on $57,372 initial cash invested.

-5.12%

Cash On Cash

5.37%

Cap Rate

0.89

DSCR

$2,020

Rent

-$245

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

$57,372

Downpayment

20%

$54,640

Closing costs

1%

$2,732

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,020

Total Expenses

$2,265

Mortgage P&I

68%

$1,366

Property Taxes

14%

$276

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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