High-Returning Property in Redford, MI (Detroit Suburb)

[Isaac Taylor]

Redford Investment Property Overview

• Market: Metro Detroit Area
• Listing Price: $79,900
• Rehab Estimate: $8,000
• Address: Sumner St., Redford, MI 48239
• Beds / Baths / Sq Ft: 3 beds / 1 bath / 1,473 sqft
• Property Description: This large bungalow is situated on a large double fenced in lot. The master bedroom features a huge walk-in closet with more than enough space for his and hers.

Financial Summary - Click for Detailed Breakdown

At Listing Price Listing Price: $79,900 Rehab: $8,000 Closing Costs: $2,397 Total Investment: $90,297 Financed Amount: $63,920 Cash Investment: $26,377 Annual Revenue: $13,800 Annual Expenses: $6,894 Interest: $3,196 Net Income: $3,710 Annual Return: 14% Annual Appreciation: $1,598 Total Return Potential: 20%

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