REI Lense

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$1,431 (target)

69513 Leet Rd, Niles, MI 49120

3 beds • 2 baths • 1876 sqft

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This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $74,529 initial cash invested.

-15.25%

Cash On Cash

2.99%

Cap Rate

0.5

DSCR

$1,431

Rent

-$947

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,431 income − $2,378 expenses = $947 out of pocket

Income$1,431Out of Pocket$947Mortgage P&I$1,760123%Property Taxes$1218%Insurance$1249%Management$14310%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,529

Downpayment

20%

$70,980

Closing costs

1%

$3,549

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,431

Total Expenses

$2,378

Mortgage P&I

123%

$1,760

Property Taxes

8%

$121

Home Insurance

9%

$124

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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