REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,462 (target)

3053 S 3rd St, Niles, MI 49120

3 beds • 2 baths • 1604 sqft

Email

This property might be a fair Mid-Term investment with a projected 1.57% first-year return on $69,450 initial cash invested.

1.57%

Cash On Cash

7.43%

Cap Rate

1.14

DSCR

$2,462

Rent

$91

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,462 income − $2,371 expenses = $91 cash flow

Income$2,462Mortgage P&I$1,32754%Property Taxes$1225%Insurance$863%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27111%Cash Flow$91

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,462

Total Expenses

$2,371

Mortgage P&I

54%

$1,327

Property Taxes

5%

$122

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$271

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis