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2321 Oakman Blvd, Detroit, MI 48238

4 beds • 3 baths • 2238 sqft

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This property could be a profitable Long-Term investment with a projected 23.34% first-year return on $20,979 initial cash invested.

23.34%

Cash On Cash

11.72%

Cap Rate

1.97

DSCR

$1,460

Rent

$408

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

6.3%

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

$1,460

Total Expenses

$1,052

Mortgage P&I

34%

$495

Property Taxes

10%

$142

Home Insurance

2%

$35

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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