Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$691
Per Month
Principal & Interest
$624
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$441
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Marvin L. Winans Academy of Performing Arts Elementary School
9740 Mckinney St
Distance between this listing and this school1.60 miles
Public Charter Grades KG-5
6
/10
George Defer Elementary School
15425 Kercheval Ave
Distance between this listing and this school1.61 miles
Public District Grades KG-5
1
/10
Tyrone Elementary School
19525 Tyrone St
Distance between this listing and this school3.30 miles
Public Magnet Grades 4-6
Nearby Schools
3
/10
Timbuktu Academy of Science and Technology
10800 E Canfield St
Distance between this listing and this school1.43 miles
Public Charter Grades KG-8
9
/10
Pierce Middle School
15430 Kercheval Ave
Distance between this listing and this school1.68 miles
Public District Grades 6-8
3
/10
Detroit Merit Charter Academy
1091 Alter Rd
Distance between this listing and this school1.77 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school1.51 miles
Public Magnet Grades 9-12
2
/10
Denby High School
12800 Kelly Rd
Distance between this listing and this school2.27 miles
Public District Grades 9-12
1
/10
Covenant House Academy Detroit - East Site
7600 Goethe St
Distance between this listing and this school3.05 miles
The neighbors living near this home have an average income of $20,300. The most common annual income of people living in Detroit, MI is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
This home is located at 5057 Coplin St in Detroit, MI and zip code 48213 in the Chandler Park neighborhood. This home, which was built in 1929, sits on a 0.10 acre lot. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $125,000.
In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.