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$1,255 (target)

7675 Greenview Ave, Detroit, MI 48228

3 beds • 2 baths • 945 sqft

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This property could be a profitable Long-Term investment with a projected 28.97% first-year return on $18,060 initial cash invested.

28.97%

Cash On Cash

13.06%

Cap Rate

2.14

DSCR

$1,255

Rent

$436

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,255 income − $819 expenses = $436 cash flow

Income$1,255Mortgage P&I$43735%Property Taxes$232%Insurance$323%Management$12610%CapEx$635%Vacancy$756%Maintenance$635%Cash Flow$436

Investment Breakdown

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Purchase Price

$86,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$18,060

Downpayment

20%

$17,200

Closing costs

1%

$860

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,255

Total Expenses

$819

Mortgage P&I

35%

$437

Property Taxes

2%

$23

Home Insurance

3%

$32

HOA

0%

$0

Property Management

10%

$126

CapEx

5%

$63

Vacancy

6%

$75

Maintenance

5%

$63

Other

0%

$0

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