REI Lense

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$2,193 (target)

12610 Riverdale Ave, Detroit, MI 48223

3 beds • 2 baths • 1980 sqft

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This property could be a profitable Mid-Term investment with a projected 22.48% first-year return on $37,740 initial cash invested.

22.48%

Cash On Cash

16.53%

Cap Rate

2.59

DSCR

$2,193

Rent

$707

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

$37,740

Downpayment

20%

$18,800

Closing costs

1%

$940

Rehab

0%

$0

Furnishing

19%

$18,000

Cashflow

Total Income

$2,193

Total Expenses

$1,486

Mortgage P&I

23%

$500

Property Taxes

9%

$194

Home Insurance

2%

$46

HOA

0%

$0

Property Management

12%

$263

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$241

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