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2431 Lilac Ave, Niles, MI 49120

3 beds • 2 baths • 1508 sqft

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This property might be a fair Mid-Term investment with a projected 4.23% first-year return on $69,240 initial cash invested.

4.23%

Cash On Cash

8.02%

Cap Rate

1.28

DSCR

$2,757

Rent

$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$244k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,240

Downpayment

20%

$48,800

Closing costs

1%

$2,440

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,757

Total Expenses

$2,513

Mortgage P&I

46%

$1,277

Property Taxes

8%

$212

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$331

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$303

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