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$1,507 (target)

4101 Pasadena St, Detroit, MI 48238

3 beds • 2 baths • 2178 sqft

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This property could be a profitable Long-Term investment with a projected 19.63% first-year return on $21,945 initial cash invested.

19.63%

Cash On Cash

11.59%

Cap Rate

1.75

DSCR

$1,507

Rent

$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,507 income − $1,148 expenses = $359 cash flow

Income$1,507Mortgage P&I$57538%Property Taxes$1409%Insurance$423%Management$15110%CapEx$755%Vacancy$906%Maintenance$755%Cash Flow$359

Investment Breakdown

|

Purchase Price

$105k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$21,945

Downpayment

20%

$20,900

Closing costs

1%

$1,045

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,507

Total Expenses

$1,148

Mortgage P&I

38%

$575

Property Taxes

9%

$140

Home Insurance

3%

$42

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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