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737 Platt St, Niles, MI 49120

3 beds • 2 baths • 1378 sqft

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This property might be a fair Long-Term investment with a projected 1.5% first-year return on $40,929 initial cash invested.

1.5%

Cash On Cash

7.14%

Cap Rate

1.13

DSCR

$1,695

Rent

$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$195k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,929

Downpayment

20%

$38,980

Closing costs

1%

$1,949

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,695

Total Expenses

$1,644

Mortgage P&I

60%

$1,024

Property Taxes

6%

$110

Home Insurance

4%

$68

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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