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413 S Saint Joseph Ave, Niles, MI 49120

3 beds • 2 baths • 1764 sqft

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This property might be a fair Airbnb investment with a projected 2.82% first-year return on $69,051 initial cash invested.

2.82%

Cash On Cash

7.76%

Cap Rate

1.23

DSCR

$3,293

Rent

$162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,051

Downpayment

20%

$48,620

Closing costs

1%

$2,431

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,293

Total Expenses

$3,131

Mortgage P&I

39%

$1,278

Property Taxes

6%

$184

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$494

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$823

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