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1338 Regent St, Niles, MI 49120

3 beds • 3 baths • 1790 sqft

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This property looks like a bad Airbnb investment with a projected -2.38% first-year return on $56,367 initial cash invested.

-2.38%

Cash On Cash

6.18%

Cap Rate

0.97

DSCR

$2,023

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,023 income − $2,135 expenses = $112 out of pocket

Income$2,023Out of Pocket$112Mortgage P&I$97248%Property Taxes$1296%Insurance$633%Management$30315%CapEx$814%Maintenance$814%Other$50625%

Investment Breakdown

|

Purchase Price

$183k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,367

Downpayment

20%

$36,540

Closing costs

1%

$1,827

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,023

Total Expenses

$2,135

Mortgage P&I

48%

$972

Property Taxes

6%

$129

Home Insurance

3%

$63

HOA

0%

$0

Property Management

15%

$303

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$506

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