REI Lense

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$2,596 (target)

1806 E Winn Rd, Niles, MI 49120

3 beds • 2 baths • 1818 sqft

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This property might be a fair Mid-Term investment with a projected 2.46% first-year return on $68,379 initial cash invested.

2.46%

Cash On Cash

7.68%

Cap Rate

1.19

DSCR

$2,596

Rent

$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,596 income − $2,456 expenses = $140 cash flow

Income$2,596Mortgage P&I$1,29250%Property Taxes$1968%Insurance$843%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%Cash Flow$140

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,596

Total Expenses

$2,456

Mortgage P&I

50%

$1,292

Property Taxes

8%

$196

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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