Detroit Metro Area Property in Redford - 24% Returns!

[Isaac Taylor]

 

Redford Investment Property Overview

• Market: Metro Detroit Area
  
• Listing Price: $74,900
• Rehab Estimate: n/a
• Address: Chelsea St., Redford, MI 48239
• Beds / Baths / Sq Ft: 3 beds / 1 bath / 1,232 sqft
• Property Description: Beautiful 2 story cape cod featuring 3 Bedrooms, 1 Bath, an updated kitchen with ceramic floors. A mix of carpet and hardwood floors throughout the home and a spacious fenced backyard with a 1 car detached garage.

Financial Summary - Click here for more details!

At Listing Price Purchase Price: $74,900 Rehab: $n/a Closing Costs: $2,247 Total Investment: $77,147 Financed Amount: $57,860 Cash Investment: $19,287 Annual Revenue: $13,500 Annual Expenses: $7,435 Interest: $2,893 Net Income: $3,172 Annual Return: 16% Annual Appreciation: $1,498 Total Return Potential: 24%

At Recommended Price Purchase Price: $73,000 Rehab: n/a Closing Costs: $2,190 Total Investment: $75,190 Financed Amount: $56,393 Cash Investment: $18,798 Annual Revenue: $13,500 Annual Expenses: $7,435 Interest: $2,820 Net Income: $3,245 Annual Return: 17% Annual Appreciation: $1,498 Total Return Potential: 25%

Want to Learn More About This Property?

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