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Archived over 1 year ago

$70,000

3 bd 2 ba 0 sqft

16252 Hubbell Ave, Detroit, MI 48235

Residential Duplex Occupied

Current Rent **

$1,650

Projected Rent **

$1,900

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $825
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $825
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

14.90% ROI Duplex in Detroit

DETROIT MICHIGAN DUPLEX
SALE PRICE: $70,000
ESTIMATED REPAIRS: $5,000 - $10,000
CLOSING COSTS: $3,000
ALL IN: $78,000 - $88,000

STATUS: OCCUPIED
CURRENT MONTHLY RENT: $1,650
ANNUAL RENT: $19,800
TAXES: $1,235
INSURANCE: $1,000
VACANCY / MGMT / REPAIRS: $5,940
NET OPERATING INCOME: $11,625
CASH ON CASH RETURN: 13.21 - 14.90%

Location:

16252 Hubbell Ave, Detroit, MI 48235

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.