REI Lense

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$1,731 (target)

1806 E Winn Rd, Niles, MI 49120

3 beds • 2 baths • 1818 sqft

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This property looks like a bad Long-Term investment with a projected -6.96% first-year return on $50,379 initial cash invested.

-6.96%

Cash On Cash

5.44%

Cap Rate

0.84

DSCR

$1,731

Rent

-$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,731 income − $2,023 expenses = $292 out of pocket

Income$1,731Out of Pocket$292Mortgage P&I$1,29275%Property Taxes$19611%Insurance$845%Management$17310%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,731

Total Expenses

$2,023

Mortgage P&I

75%

$1,292

Property Taxes

11%

$196

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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