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$1,785 (target)

418 W Main St, Niles, MI 49120

3 beds • 2 baths • 1192 sqft

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This property could be a profitable Long-Term investment with a projected 37.24% first-year return on $20,979 initial cash invested.

37.24%

Cash On Cash

15.3%

Cap Rate

2.39

DSCR

$1,785

Rent

$651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,785 income − $1,134 expenses = $651 cash flow

Income$1,785Mortgage P&I$53430%Property Taxes$1026%Insurance$352%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%Cash Flow$651

Investment Breakdown

|

Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$20,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,785

Total Expenses

$1,134

Mortgage P&I

30%

$534

Property Taxes

6%

$102

Home Insurance

2%

$35

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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