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3010 Portage Rd, Niles, MI 49120

3 beds • 3 baths • 1685 sqft

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This property looks like a bad Airbnb investment with a projected -13.02% first-year return on $87,300 initial cash invested.

-13.02%

Cash On Cash

2.83%

Cap Rate

0.47

DSCR

$2,004

Rent

-$947

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,004 income − $2,951 expenses = $947 out of pocket

Income$2,004Out of Pocket$947Mortgage P&I$1,64682%Property Taxes$22411%Insurance$1196%Management$30115%CapEx$804%Maintenance$804%Other$50125%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,004

Total Expenses

$2,951

Mortgage P&I

82%

$1,646

Property Taxes

11%

$224

Home Insurance

6%

$119

HOA

0%

$0

Property Management

15%

$301

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$501

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