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15306 Asbury Park, Detroit, MI 48227

3 beds • 2 baths • 1272 sqft

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This property could be a profitable Mid-Term investment with a projected 24.1% first-year return on $36,900 initial cash invested.

24.1%

Cash On Cash

17.04%

Cap Rate

2.8

DSCR

$2,037

Rent

$741

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$90,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,900

Downpayment

20%

$18,000

Closing costs

1%

$900

Rehab

0%

$0

Furnishing

20%

$18,000

Cashflow

Total Income

$2,037

Total Expenses

$1,296

Mortgage P&I

22%

$456

Property Taxes

6%

$117

Home Insurance

2%

$32

HOA

0%

$0

Property Management

12%

$244

CapEx

4%

$81

Vacancy

3%

$61

Maintenance

4%

$81

Other

11%

$224

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