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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 Airbnb investment with a projected 2.29% first-year return on $75,372 initial cash invested.

2.29%

Cash On Cash

7.27%

Cap Rate

1.21

DSCR

$3,624

Rent

$144

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

$3,624

Total Expenses

$3,480

Mortgage P&I

38%

$1,366

Property Taxes

8%

$276

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$544

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$906

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