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$2,116 (target)

6430 Majestic St, Detroit, MI 48210

3 beds • 2 baths • 1584 sqft

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This property could be a profitable Mid-Term investment with a projected 22.83% first-year return on $39,000 initial cash invested.

22.83%

Cash On Cash

16.66%

Cap Rate

2.47

DSCR

$2,116

Rent

$742

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,116 income − $1,374 expenses = $742 cash flow

Income$2,116Mortgage P&I$56127%Property Taxes$583%Insurance$352%Management$25412%CapEx$854%Vacancy$633%Maintenance$854%Other$23311%Cash Flow$742

Investment Breakdown

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Purchase Price

$99,999

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,000

Downpayment

20%

$20,000

Closing costs

1%

$1,000

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$2,116

Total Expenses

$1,374

Mortgage P&I

27%

$561

Property Taxes

3%

$58

Home Insurance

2%

$35

HOA

0%

$0

Property Management

12%

$254

CapEx

4%

$85

Vacancy

3%

$63

Maintenance

4%

$85

Other

11%

$233

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