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$2,772 (target)

3010 Portage Rd, Niles, MI 49120

3 beds • 3 baths • 1685 sqft

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This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $87,300 initial cash invested.

-2.2%

Cash On Cash

5.81%

Cap Rate

0.97

DSCR

$2,772

Rent

-$160

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,772 income − $2,932 expenses = $160 out of pocket

Income$2,772Out of Pocket$160Mortgage P&I$1,64659%Property Taxes$2248%Insurance$1194%Management$33312%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30511%

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

$2,772

Total Expenses

$2,932

Mortgage P&I

59%

$1,646

Property Taxes

8%

$224

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$333

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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