REI Lense

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$1,462 (target)

12610 Riverdale Ave, Detroit, MI 48223

3 beds • 2 baths • 1980 sqft

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This property could be a profitable Long-Term investment with a projected 20.79% first-year return on $19,740 initial cash invested.

20.79%

Cash On Cash

11.68%

Cap Rate

1.83

DSCR

$1,462

Rent

$342

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$94,000

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$19,740

Downpayment

20%

$18,800

Closing costs

1%

$940

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,462

Total Expenses

$1,120

Mortgage P&I

34%

$500

Property Taxes

13%

$194

Home Insurance

3%

$46

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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