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$1,958 (target)

14650 Freeland St, Detroit, MI 48227

3 beds • 3 baths • 2072 sqft

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This property could be a profitable Mid-Term investment with a projected 18.99% first-year return on $38,979 initial cash invested.

18.99%

Cash On Cash

15.05%

Cap Rate

2.25

DSCR

$1,958

Rent

$617

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,958 income − $1,341 expenses = $617 cash flow

Income$1,958Mortgage P&I$55828%Property Taxes$834%Insurance$352%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21511%Cash Flow$617

Investment Breakdown

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Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$1,958

Total Expenses

$1,341

Mortgage P&I

28%

$558

Property Taxes

4%

$83

Home Insurance

2%

$35

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$215

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