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5762 Oldtown St, Detroit, MI 48224

3 beds • 2 baths • 1240 sqft

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This property might be a fair Long-Term investment with a projected 8.94% first-year return on $28,581 initial cash invested.

8.94%

Cash On Cash

8.76%

Cap Rate

1.41

DSCR

$1,490

Rent

$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$136k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,581

Downpayment

20%

$27,220

Closing costs

1%

$1,361

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,490

Total Expenses

$1,277

Mortgage P&I

47%

$706

Property Taxes

9%

$138

Home Insurance

3%

$47

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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Comparable Property

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Beds

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SQFT

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$2,850

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