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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 Mid-Term investment with a projected 9.67% first-year return on $58,929 initial cash invested.

9.67%

Cash On Cash

9.86%

Cap Rate

1.56

DSCR

$2,542

Rent

$475

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

$58,929

Downpayment

20%

$38,980

Closing costs

1%

$1,949

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,542

Total Expenses

$2,067

Mortgage P&I

40%

$1,024

Property Taxes

4%

$110

Home Insurance

3%

$68

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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