REI Lense

REI Lense

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$2,367 (target)

2223 Joseph St, Niles, MI 49120

3 beds • 3 baths • 1229 sqft

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This property looks like a bad Long-Term investment with a projected -4.49% first-year return on $69,720 initial cash invested.

-4.49%

Cash On Cash

5.43%

Cap Rate

0.91

DSCR

$2,367

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,720

Downpayment

20%

$66,400

Closing costs

1%

$3,320

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,367

Total Expenses

$2,628

Mortgage P&I

69%

$1,644

Property Taxes

11%

$250

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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