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20271 Grandville Ave, Detroit, MI 48219

3 beds • 1 baths • 1994 sqft

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This property could be a profitable Long-Term investment with a projected 22.44% first-year return on $19,950 initial cash invested.

22.44%

Cash On Cash

11.62%

Cap Rate

1.93

DSCR

$1,410

Rent

$373

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$95,000

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$19,950

Downpayment

20%

$19,000

Closing costs

1%

$950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,410

Total Expenses

$1,037

Mortgage P&I

34%

$477

Property Taxes

11%

$161

Home Insurance

2%

$33

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$85

Maintenance

5%

$70

Other

0%

$0

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