$30k Redford, MI (Detroit) Investment Opp - 20% Annual Returns

[Isaac Taylor]

Redford Investment Property Overview

• Market: Metro Detroit Area
  
• Listing Price: $30,000
• Rehab Estimate: $5,000
• Closing Costs: $900
• Address: Dolphin St., Redford, MI 48239
• Beds / Baths / Sq Ft: 3 beds / 1 bath / 1,250 sqft
• Property Description: Recently updated home on a well maintained block. New paint, flooring, bathroom, furnace and hot water tank. Spacious master suite and newer rear deck.

Financial Summary - Click for Detailed Breakdown

At Listing Price Listing Price: $30,000 Rehab: $5,000 Total Investment: $35,900 Financed Amount: N/A Cash Investment: $35,900 Annual Revenue: $13,800 Annual Expenses: $7,164 Net Income: $6,636 Annual Return: 18% Annual Appreciation: $600 Total Return Potential: 20%

Want to Learn More About This Property?

• Find Out About the Neighborhood: Median Income, Poverty Rate, Unemployment Rate, % of Renters, Etc.
• Income Potential: See what similar homes are renting for in this neighborhood
• Expense Expectations: See a detailed breakdown of key expenses like property taxes and insurance