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$1,305 (target)

14650 Freeland St, Detroit, MI 48227

3 beds • 3 baths • 2072 sqft

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This property could be a profitable Long-Term investment with a projected 16.65% first-year return on $20,979 initial cash invested.

16.65%

Cash On Cash

10.98%

Cap Rate

1.64

DSCR

$1,305

Rent

$291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,305 income − $1,014 expenses = $291 cash flow

Income$1,305Mortgage P&I$55843%Property Taxes$836%Insurance$353%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%Cash Flow$291

Investment Breakdown

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Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$20,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,305

Total Expenses

$1,014

Mortgage P&I

43%

$558

Property Taxes

6%

$83

Home Insurance

3%

$35

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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