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6334 Hereford St, Detroit, MI 48224

3 beds • 2 baths • 1149 sqft

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This property could be a profitable Long-Term investment with a projected 17.12% first-year return on $17,388 initial cash invested.

17.12%

Cash On Cash

10.75%

Cap Rate

1.74

DSCR

$1,370

Rent

$248

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$82,800

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$17,388

Downpayment

20%

$16,560

Closing costs

1%

$828

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,370

Total Expenses

$1,122

Mortgage P&I

31%

$426

Property Taxes

23%

$317

Home Insurance

2%

$24

HOA

0%

$0

Property Management

10%

$137

CapEx

5%

$68

Vacancy

6%

$82

Maintenance

5%

$68

Other

0%

$0

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