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$2,188 (target)

15064 Piedmont St, Detroit, MI 48223

3 beds • 2 baths • 1463 sqft

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This property could be a profitable Mid-Term investment with a projected 10.39% first-year return on $48,723 initial cash invested.

10.39%

Cash On Cash

10.64%

Cap Rate

1.65

DSCR

$2,188

Rent

$422

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,188 income − $1,766 expenses = $422 cash flow

Income$2,188Mortgage P&I$78736%Property Taxes$1818%Insurance$522%Management$26312%CapEx$884%Vacancy$663%Maintenance$884%Other$24111%Cash Flow$422

Investment Breakdown

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Purchase Price

$146k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,723

Downpayment

20%

$29,260

Closing costs

1%

$1,463

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,188

Total Expenses

$1,766

Mortgage P&I

36%

$787

Property Taxes

8%

$181

Home Insurance

2%

$52

HOA

0%

$0

Property Management

12%

$263

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$241

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