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413 S Saint Joseph Ave, Niles, MI 49120

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Airbnb investment with a projected -5.11% first-year return on $69,051 initial cash invested.

-5.11%

Cash On Cash

5.34%

Cap Rate

0.85

DSCR

$2,416

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,416 income − $2,710 expenses = $294 out of pocket

Income$2,416Out of Pocket$294Mortgage P&I$1,27853%Property Taxes$1848%Insurance$884%Management$36215%CapEx$974%Maintenance$974%Other$60425%

Investment Breakdown

|

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

$2,416

Total Expenses

$2,710

Mortgage P&I

53%

$1,278

Property Taxes

8%

$184

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$362

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$604

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