On market
5802 Cedar Ln
Detroit, MI 48204 · Nardin Park
3 beds1 baths1,460 sqftBuilt 1949
Asking price
$59,900
Comps value $66,000· 7% under after repairs
72Strong
Estimated cash flow
$519/mo
At $59,900 with 20% down at 6.60%, this nets $519 a month. You would put in $15,277.
- Cash-on-cash
- 41%
- Cap rate
- 16.1%
- DSCR
- 2.70
- Voucher rent
- $1,478
Where each month's rent goes
- Mortgage$306
- Taxes$119
- Insurance$194
- Running costs$340
- You keep$519
Try different terms
Offer price$59,900
Down payment20% · $11,980
Interest rate6.60%
Payment standard 110% of FMR, this authority's rate
Repairs$1,500
Max offer to keep $300/mo: $91,000$31,100 of room