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$1,777 (target)

6044 Vancourt St, Detroit, MI 48210

3 beds • 2 baths • 2470 sqft

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This property could be a profitable Long-Term investment with a projected 28.02% first-year return on $26,250 initial cash invested.

28.02%

Cash On Cash

12.84%

Cap Rate

2.11

DSCR

$1,777

Rent

$613

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,777 income − $1,164 expenses = $613 cash flow

Income$1,777Mortgage P&I$63536%Property Taxes$221%Insurance$442%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%Cash Flow$613

Investment Breakdown

|

Purchase Price

$125k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$26,250

Downpayment

20%

$25,000

Closing costs

1%

$1,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,777

Total Expenses

$1,164

Mortgage P&I

36%

$635

Property Taxes

1%

$22

Home Insurance

2%

$44

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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