REI Lense

REI Lense

Unlock all features! Tap here to upgrade

69513 Leet Rd, Niles, MI 49120

3 beds • 2 baths • 1876 sqft

Email

This property looks like a bad Airbnb investment with a projected -9.74% first-year return on $92,529 initial cash invested.

-9.74%

Cash On Cash

3.74%

Cap Rate

0.63

DSCR

$2,413

Rent

-$751

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,413 income − $3,164 expenses = $751 out of pocket

Income$2,413Out of Pocket$751Mortgage P&I$1,76073%Property Taxes$1215%Insurance$1245%Management$36215%CapEx$974%Maintenance$974%Other$60325%

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

$2,413

Total Expenses

$3,164

Mortgage P&I

73%

$1,760

Property Taxes

5%

$121

Home Insurance

5%

$124

HOA

0%

$0

Property Management

15%

$362

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$603

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis