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69513 Leet Rd, Niles, MI 49120

3 beds • 2 baths • 1876 sqft

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This property looks like a bad Airbnb investment with a projected -12.59% first-year return on $92,529 initial cash invested.

-12.59%

Cash On Cash

2.94%

Cap Rate

0.49

DSCR

$1,989

Rent

-$971

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,989 income − $2,960 expenses = $971 out of pocket

Income$1,989Out of Pocket$971Mortgage P&I$1,76088%Property Taxes$1216%Insurance$1246%Management$29815%CapEx$804%Maintenance$804%Other$49725%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,529

Downpayment

20%

$70,980

Closing costs

1%

$3,549

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,989

Total Expenses

$2,960

Mortgage P&I

88%

$1,760

Property Taxes

6%

$121

Home Insurance

6%

$124

HOA

0%

$0

Property Management

15%

$298

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$497

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