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%
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