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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 Long-Term investment with a projected 15.59% first-year return on $55,020 initial cash invested.

15.59%

Cash On Cash

10.01%

Cap Rate

1.67

DSCR

$3,192

Rent

$715

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

$55,020

Downpayment

20%

$52,400

Closing costs

1%

$2,620

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,192

Total Expenses

$2,477

Mortgage P&I

41%

$1,310

Property Taxes

8%

$244

Home Insurance

3%

$92

HOA

0%

$0

Property Management

10%

$319

CapEx

5%

$160

Vacancy

6%

$192

Maintenance

5%

$160

Other

0%

$0

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