REI Lense

REI Lense

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$1,307 (target)

414 S Barrett St, Niles, MI 49120

3 beds • 2 baths • 1631 sqft

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This property looks like a bad Long-Term investment with a projected -12.62% first-year return on $48,678 initial cash invested.

-12.62%

Cash On Cash

4.06%

Cap Rate

0.64

DSCR

$1,307

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,678

Downpayment

20%

$46,360

Closing costs

1%

$2,318

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,307

Total Expenses

$1,819

Mortgage P&I

94%

$1,232

Property Taxes

13%

$164

Home Insurance

6%

$84

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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