Wayne County, Detroit, MI 48227
3 bd1 ba912 sfBuilt 1925
Gross spread$35,100
Description
- ADDRESS: 12722 Robson St Detroit MI 48227 Purchase price: $64,900 ARV: $100,000 Tax estimate: $246 Insurance estimate: $27 Sec 8 Rent: $1,490 EMD: $2,000 Property Type: SFH Bed: 3- Bath: 1- Living sqft: 912- Year built: 1925 CASHFLOW BREAKDOWN:These are rough estimates if you buy this deal with a DSCR loan. We used a 7% interest rate, 20% down, and 80% loan-to-value. Down Payment (Cash): $12,980Monthly DSCR Payment: $345.43Rent after Capex/Main: $1,192Net Monthly Cash Flow: $573.57Net Annual Cash Flow: $6,882.84Cash-on-Cash Return: 38%ROI: 2.6 years FULL LISTING: [contact details hidden] LINK TO PHOTOS: [contact details hidden]
$/sqft vs market
Median of 41 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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