REI Lense

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$2,678 (target)

418 W Main St, Niles, MI 49120

3 beds • 2 baths • 1192 sqft

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This property could be a profitable Mid-Term investment with a projected 33.77% first-year return on $38,979 initial cash invested.

33.77%

Cash On Cash

20.88%

Cap Rate

3.25

DSCR

$2,678

Rent

$1,097

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,678 income − $1,581 expenses = $1,097 cash flow

Income$2,678Mortgage P&I$53420%Property Taxes$1024%Insurance$351%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%Cash Flow$1,097

Investment Breakdown

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Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$2,678

Total Expenses

$1,581

Mortgage P&I

20%

$534

Property Taxes

4%

$102

Home Insurance

1%

$35

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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