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13144 Griggs St, Detroit, MI 48238

3 beds • 1 baths • 1296 sqft

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This property could be a profitable Long-Term investment with a projected 21.31% first-year return on $17,850 initial cash invested.

21.31%

Cash On Cash

11.42%

Cap Rate

1.89

DSCR

$1,300

Rent

$317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$85,000

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$17,850

Downpayment

20%

$17,000

Closing costs

1%

$850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,300

Total Expenses

$983

Mortgage P&I

33%

$427

Property Taxes

14%

$188

Home Insurance

2%

$30

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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