On market
3380 Thornton Ave
Detroit, MI 48238 · Fitzgerald
3 beds1 baths1,400 sqftBuilt 1951
Asking price
$60,900
Comps value $65,500· 4% under after repairs
68Solid
Estimated cash flow
$469/mo
At $60,900 with 20% down at 6.60%, this nets $469 a month. You would put in $16,007.
- Cash-on-cash
- 35%
- Cap rate
- 14.9%
- DSCR
- 2.51
- Voucher rent
- $1,544
Where each month's rent goes
- Mortgage$311
- Taxes$120
- Insurance$179
- Running costs$465
- You keep$469
Try different terms
Offer price$60,900
Down payment20% · $12,180
Interest rate6.60%
Payment standard 110% of FMR, this authority's rate
Repairs$2,000
Max offer to keep $300/mo: $85,000$24,100 of room