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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:

$42,000

XXXX Maplelawn
Detroit, Michigan 48204 Get Map


Built 1936
Posted June 30, 2008



Description:

ADDITIONAL PROPERTY PROFILES AVAILABLE UPON REQUEST!!!
DEEP DISCOUNTS FOR CASH AND BULK BUYERS!!!
4 Bedrooms, 1 ½ Bath, Basement, Fireplace, Fenced Yard, Garage
Offered At: $42,000
Sq. Ft. 1500
Current Rental Rate: $850 (tenant pays all utilities)
Tax: $2346 (yearly)/ $196 (monthly)
Insurance: $900 (yearly)/ $75 (monthly)
Cash Flow: $580
ROI: $6955 or 16.5%
Features:
ï‚· New Carpet & Hardwood
Rent-to-own: Yes
ï‚· Appliances
Appraised Value: $66k – $85k
ï‚· Fireplace
ï‚· Finished Basement w/ Bar
ï‚· Newer Roof
ï‚· Updated Plumbing
ï‚· Optional Security System