Registration is now open for our Wholesaling and Fix & Flip Bootcamps. Register Now!

Hide this

Investment @property Directory

Single Family in Detroit, MI

Residential Income Property (Single Family Rental)

Listing Expired over 3 years ago

List Price:

$42,000

XXXX Balfour
Detroit, Michigan 48224 Get Map


Posted June 30, 2008



Description:

ADDITIONAL PROPERTY PROFILES AVAILABLE UPON REQUEST!!!
DEEP DISCOUNTS FOR CASH AND BULK BUYERS!!!
3 Bedroom, 1 ½ Bath, Finished Basement w/ Bar, Attached Deck, Garage
Offered At: $42,000
Sq. Ft. 958
Current Rental Rate: $850 (tenant pays all utilities)
Tax: $4070 (yearly)/ $340 (monthly)
Insurance: $900 (yearly)/ $75 (monthly)
Cash Flow: $435
ROI: $5,220 or 12.4%
Features:
ï‚· New Carpet & Hardwood
Rent-to-own: Yes
ï‚· Appliances
Appraised Value: $92k – $110k
ï‚· Fireplace
ï‚· Finished Basement w/ Bar
ï‚· Newer Roof
ï‚· Updated Plumbing
ï‚· Optional Security System