17%+ Returns on Detroit Investment Property

[Isaac Taylor]

DETROIT INVESTMENT PROPERTY OVERVIEW

• Market: Metro Detroit Area
• Listing Price: $109,000            
• Rehab Estimate:
• Address: Woodside, Dearborn, MI
• Beds / Baths / Sq Ft: 3 beds / 2 bath / 1,400 sq ft
• Property Description: A great home with many updates. This home has an updated kitchen with ample cabinet space,many built-ins and granite countertops. The kitchen opens to a spacious family room. The livingroom features hardwood flooring and the home has an updated main floor bath, a full basement and a newer furnace, water heater, windows and roof.

FINANCIAL SUMMARY - Click for more detail

At Listing Price Purchase Price: $109,900 Rehab: $0 Closing Costs: $3,297 Total Investment: $113,197 Financed Amount: $84,898 Cash Investment: $28,299 Annual Revenue: $14,400 Annual Expenses: $8,057 Interest: $4,245 Net Income: $2,098 Annual Return: 7% Annual Appreciation: $2,198 Total Return Potential: 15%

At Recommended Price Purchase Price: $105,000 Rehab: $0 Closing Costs: $3,150 Total Investment: $108,150 Financed Amount: $81,113 Cash Investment: $27,038 Annual Revenue: $14,400 Annual Expenses: $8,057 Interest: $4,056 Net Income: $2,287 Annual Return: 8% Annual Appreciation: $2,198 Total Return Potential: 17%

Want to Learn More About This Property?

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