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Investment @property Directory

Single Family in Detroit, MI

Residential Income Property (Single Family Rental)

Listing Expired over 3 years ago

List Price:

$40,000

XXXX Mapleridge
Detroit, Michigan 48205 Get Map


Built 1939
Posted June 30, 2008



Description:

ADDITIONAL PROPERTY PROFILES AVAILABLE UPON REQUEST!!!
3 Bedroom, 1 ½ Bath, Finished Basement, Many Updates
Offered At: $40,000
Sq. Ft. 1,021
Current Rental Rate: $850 (tenant pays all utilities)
Tax: $2400 (yearly)/ $200 (monthly)
Insurance: $900 (yearly)/ $75 (monthly)
Cash Flow: $575
ROI: $6900 or 17.25%
Features:
ï‚· New Carpet & Hardwood
Rent-to-own: Yes
ï‚· Appliances
Appraised Value: $68k – $85k
ï‚· Finished Basement
ï‚· Newer Roof
ï‚· Updated Plumbing
ï‚· Optional Security System