REI Lense

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$2,199 (target)

11557 Rossiter St, Detroit, MI 48224

3 beds • 2 baths • 1875 sqft

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This property could be a profitable Mid-Term investment with a projected 14.33% first-year return on $42,633 initial cash invested.

14.33%

Cash On Cash

12.2%

Cap Rate

2

DSCR

$2,199

Rent

$509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$117k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,633

Downpayment

20%

$23,460

Closing costs

1%

$1,173

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$2,199

Total Expenses

$1,690

Mortgage P&I

27%

$596

Property Taxes

14%

$304

Home Insurance

2%

$42

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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