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$1,366 (target)

8096 Central St, Detroit, MI 48204

3 beds • 2 baths • 1326 sqft

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This property could be a profitable Long-Term investment with a projected 37.46% first-year return on $15,120 initial cash invested.

37.46%

Cash On Cash

15.1%

Cap Rate

2.48

DSCR

$1,366

Rent

$472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,366 income − $894 expenses = $472 cash flow

Income$1,366Mortgage P&I$36627%Property Taxes$14811%Insurance$252%Management$13710%CapEx$685%Vacancy$826%Maintenance$685%Cash Flow$472

Investment Breakdown

|

Purchase Price

$72,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$15,120

Downpayment

20%

$14,400

Closing costs

1%

$720

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,366

Total Expenses

$894

Mortgage P&I

27%

$366

Property Taxes

11%

$148

Home Insurance

2%

$25

HOA

0%

$0

Property Management

10%

$137

CapEx

5%

$68

Vacancy

6%

$82

Maintenance

5%

$68

Other

0%

$0

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