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Residential Income Property (Single Family Rental)

Single Family in Detroit, MI

XXXX Balfour

Detroit, Michigan 48224

3 br, 1 1/2 ba,

 

List Price: $42,000

Status: Active

Posted June 30, 2008
948 listing views


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:
 New Carpet & Hardwood
Rent-to-own: Yes
 Appliances
Appraised Value: $92k – $110k
 Fireplace
 Finished Basement w/ Bar
 Newer Roof
 Updated Plumbing
 Optional Security System

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