REI Lense

REI Lense

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$1,960 (target)

414 S Barrett St, Niles, MI 49120

3 beds • 2 baths • 1631 sqft

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This property looks like a bad Mid-Term investment with a projected -3.35% first-year return on $66,678 initial cash invested.

-3.35%

Cash On Cash

5.82%

Cap Rate

0.91

DSCR

$1,960

Rent

-$186

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

$66,678

Downpayment

20%

$46,360

Closing costs

1%

$2,318

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,960

Total Expenses

$2,146

Mortgage P&I

63%

$1,232

Property Taxes

8%

$164

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$216

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