Charming Brick Tudor! $900 rents, $63,700

[Chris Ramos]

Metro Detroit is on track for another double digit appreciation in 2018!!

REMODEL REMARKS:

REMODELED WITH NEW:

• ROOF WITH 30 YEAR ARCHITECTURAL SHINGLES
• FURNACE
• WATER HEATER
• VINYL WINDOWS AND BLINDS
• INTERIOR TWO-TONE PAINT
• BATHROOM VANITY, TOILET, AND MIRROR

RE-FINISHED HARDWOOD FLOORING

UPDATED PLUMBING FIXTURES

UPDATED ELECTRICAL PANEL AND FIXTURES

FULL BASEMENT

BEAUTIFUL LANDSCAPING AND FLOWERS

CASH FLOW ANALYSIS

900.00 Monthly Rent

$10,800.00 Gross Rents
-$1,080.00 ((10%)) Property Management Fee
-$1,224.00 Taxes
-$ 0.00 Utilities
-$540.00 Minus Vacancy (5%)
-$1,080.00 Minus Repairs, Maintenance, City Fees, Etc. (10%)
-$324.00 Minus Leasing Fee (3%)
-$0.00 Lawn Care
-$500.00 Insurance

$6,052.00 Net Rents divided by

$63,700.00 Purchase Price equals

9.50% ROI