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2561 Lake Shore Dr, Niles, MI 49120

3 beds • 3 baths • 1808 sqft

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This property could be a profitable Mid-Term investment with a projected 24.85% first-year return on $73,020 initial cash invested.

24.85%

Cash On Cash

13.8%

Cap Rate

2.3

DSCR

$4,788

Rent

$1,512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,020

Downpayment

20%

$52,400

Closing costs

1%

$2,620

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$4,788

Total Expenses

$3,276

Mortgage P&I

27%

$1,310

Property Taxes

5%

$244

Home Insurance

2%

$92

HOA

0%

$0

Property Management

12%

$575

CapEx

4%

$192

Vacancy

3%

$144

Maintenance

4%

$192

Other

11%

$527

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