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$2,508 (target)

3675 Three Mile Dr, Detroit, MI 48224

3 beds • 2 baths • 1840 sqft

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This property might be a fair Mid-Term investment with a projected 5.22% first-year return on $60,252 initial cash invested.

5.22%

Cash On Cash

8.6%

Cap Rate

1.34

DSCR

$2,508

Rent

$262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,508 income − $2,246 expenses = $262 cash flow

Income$2,508Mortgage P&I$1,08043%Property Taxes$24410%Insurance$703%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%Cash Flow$262

Investment Breakdown

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Purchase Price

$201k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,252

Downpayment

20%

$40,240

Closing costs

1%

$2,012

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,508

Total Expenses

$2,246

Mortgage P&I

43%

$1,080

Property Taxes

10%

$244

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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