On market
5319 Northfield Ave
Detroit, MI 48204 · Nardin Park
2 beds2 baths1,030 sqftBuilt 1927
Asking price
$38,900
Comps value $47,000· 11% under after repairs
70Solid
Estimated cash flow
$401/mo
At $38,900 with 20% down at 6.60%, this nets $401 a month. You would put in $11,947.
- Cash-on-cash
- 40%
- Cap rate
- 17.2%
- DSCR
- 3.02
- Voucher rent
- $1,107
Where each month's rent goes
- Mortgage$199
- Taxes$78
- Insurance$175
- Running costs$255
- You keep$401
Try different terms
Offer price$38,900
Down payment20% · $7,780
Interest rate6.60%
Payment standard 110% of FMR, this authority's rate
Repairs$3,000
Max offer to keep $300/mo: $53,000$14,100 of room