2 Family Flat for $25K, Detroit, $975/mo

[Leslie Coxon]

Hello,

I am a landlord in Detroit. I'm selling this property to raise cash for more rehabs. If you have questions you can call me or email me 313-338-8578, [email protected].

Thanks,

Leslie Coxon

12833 Steel, Detroit, MI 48227

2 Family Flat, each unit 2 Bed 1 Bath, lower unit occupied with a 12 month lease $525/mo. Upper unit occupied with a 12 month lease $450/mo. 2013 Taxes aprox $1000, water $0.

Asking $25000 cash

Repairs needed = $0, Income/mo $975, insurance/yr $432, taxes/yr $1000, aprox water/mo $100, aprox maintenance/yr $600. Yearly income = $11700, Yearly expenses = $3232. Cash flow/yr = $8468, Net ROI = 33.8%