REI Lense

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$1,641 (target)

3053 S 3rd St, Niles, MI 49120

3 beds • 2 baths • 1604 sqft

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This property looks like a bad Long-Term investment with a projected -7.46% first-year return on $51,450 initial cash invested.

-7.46%

Cash On Cash

5.33%

Cap Rate

0.82

DSCR

$1,641

Rent

-$320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,641 income − $1,961 expenses = $320 out of pocket

Income$1,641Out of Pocket$320Mortgage P&I$1,32781%Property Taxes$1227%Insurance$865%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,641

Total Expenses

$1,961

Mortgage P&I

81%

$1,327

Property Taxes

7%

$122

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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