Bank owned
3361 Sheffield St
Detroit, MI 48219 · Old Redford
3 beds2 baths1,250 sqftBuilt 1952
List price
$14,500
Comps value $90,000· 23% under after repairs
73Strong
Estimated cash flow
$808/mo
At $14,500 with 20% down at 6.60%, this nets $808 a month. You would put in $58,335.
- Cash-on-cash
- 17%
- Cap rate
- 15.2%
- DSCR
- 11.90
- Voucher rent
- $1,599
Where each month's rent goes
- Mortgage$74
- Taxes$119
- Insurance$165
- Running costs$433
- You keep$808
Try different terms
Offer price$14,500
Down payment20% · $2,900
Interest rate6.60%
Payment standard 110% of FMR, this authority's rate
Repairs$55,000
Max offer to keep $300/mo: $88,500$74,000 of room