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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 Airbnb investment with a projected 5.25% first-year return on $58,929 initial cash invested.

5.25%

Cash On Cash

8.58%

Cap Rate

1.36

DSCR

$2,807

Rent

$258

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

$2,807

Total Expenses

$2,549

Mortgage P&I

36%

$1,024

Property Taxes

4%

$110

Home Insurance

2%

$68

HOA

0%

$0

Property Management

15%

$421

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$702

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