Detroit Suburban Property - 14% Returns!

[Isaac Taylor]

Redford Investment Property Overview

• Market: Metro Detroit Area
  
• Listing Price: $115,000
• Rehab Estimate: n/a
• Address: Chelsea St., Redford, MI 48239
• Beds / Baths / Sq Ft: 3 beds / 1 bath / 1,446 sqft
• Property Description: You’ll love this charming, move-in ready home, with almost 1,500 square feet of livable space. The 21 X 12 Master Bedroom has a great walk-in closet with a window. There is a nice office or library space located on the second floor. Brand new Bar in the basement. All new laminate wood flooring throughout the 1st and 2nd levels. The living room is huge and flows into the dining area, making family gatherings very engaging and comfortable. Wake up each morning to sunrises with a cup of coffee on the wood deck. Situated in a friendly community close to major freeways, shopping, dining, parks and the South Redford school system.

Financial Summary - Click here for more details!

At Listing Price Purchase Price: $115,000 Rehab: $n/a Closing Costs: $3,450 Total Investment: $118,450 Financed Amount: $88,838 Cash Investment: $29,613 Annual Revenue: $13,500 Annual Expenses: $7,129 Interest: $4,442 Net Income: $1,929 Annual Return: 7% Annual Appreciation: $2,300 Total Return Potential: 14%

At Recommended Price Purchase Price: $105,000 Rehab: n/a Closing Costs: $3,150 Total Investment: $108,150 Financed Amount: $81,113 Cash Investment: $27,038 Annual Revenue: $13,500 Annual Expenses: $7,129 Interest: $4,056 Net Income: $2,315 Annual Return: 9% Annual Appreciation: $2,300 Total Return Potential: 17%

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