REI Lense

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$1,868 (target)

1619 E Bertrand Rd, Niles, MI 49120

3 beds • 2 baths • 1844 sqft

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This property looks like a bad Long-Term investment with a projected -3.11% first-year return on $48,930 initial cash invested.

-3.11%

Cash On Cash

6.33%

Cap Rate

0.97

DSCR

$1,868

Rent

-$127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,868 income − $1,995 expenses = $127 out of pocket

Income$1,868Out of Pocket$127Mortgage P&I$1,26368%Property Taxes$1639%Insurance$844%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,930

Downpayment

20%

$46,600

Closing costs

1%

$2,330

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,868

Total Expenses

$1,995

Mortgage P&I

68%

$1,263

Property Taxes

9%

$163

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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