Completely Remodeled, Quality Home, $796 month rents. $57,300

[Chris Ramos]

FOR MORE PROPERTIES PLEASE GO TO  www.partnersinvesting.com  

REMODEL REMARKS:

SECTION 8 TENANT

COMPLETELY REMODELED WITH NEW:

• FURNACE
• HOT WATER HEATER
• VINYL WINDOWS
• CARPET
• KITCHEN CABINETS, COUNTER TOP AND SINK
• TILE KITCHEN FLOORING
• BATHROOM VANITY, TOILET, MIRROR, AND TUB
• TILE BATHROOM FLOORING AND SHOWER SURROUND
• INTERIOR AND EXTERIOR LIGHTING
• DOORS AND HARDWARE
• VINYL BLINDS
• INTERIOR TWO-TONE PAINT
• PLUMBING AND PLUMBING FIXTURES
• ELECTRICAL PANEL AND ELECTRICAL FIXTURES

EXCELLENT MANAGEMENT IN PLACE

CASH FLOW ANALYSIS

796.00 Monthly Rent

$9,552.00 Gross Rents
-$955.20 ((10%)) Property Management Fee
-$924.00 Taxes
-$ 0.00 Utilities
-$477.60 Minus Vacancy (5%)
-$955.20 Minus Repairs, Maintenance, City Fees, Etc. (10%)
-$286.56 Minus Leasing Fee (3%)
-$0.00 Lawn Care
-$500.00 Insurance

$5,453.44 Net Rents divided by

$57,300.00 Purchase Price equals

9.52% ROI

Living Area (approx sq. ft.): 696 -- The smaller square footage makes for a less expensive rent ready remodel, when you have tenant turnovers. Something to consider.

Parking: Off Street

Year Built: 1954

Lot Size (approx sq. ft.): 5380

AREA INFO:

***The Detroit suburb of Inkster is located directly west of Detroit. Comprised of mostly 2 and 3 bedroom homes Inkster is undergoing a transformation of youth. Young families are finding affordability with ease of access to downtown Detroit, Ford Manufacturing Facility and Detroit Wayne Metro Airport with a quiet suburban lifestyle. In 2016 the planning phase to connect the University of Michigan to Wayne County Airport and Downtown Detroit began. This project will include a light rail and main station in Inkster City drawing more families and development to the city. Construction is set to begin in summer 2018 bringing jobs and opportunity to Inkster. Property values are sure to rise quickly in Inkster. 

For More Properties Go To www.partnersinvesting.com