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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 Coyle
Detroit, Michigan 48235 Get Map


Built 1940
Posted June 30, 2008



Description:

3 Bedrooms, 1 ½ Bath, Finished Basement, Fireplace, Garage
Offered At: $40,000
Sq. Ft. 649
Current Rental Rate: $850 (tenant pays all utilities)
Tax: $2358 (yearly)/ $196 (monthly)
Insurance: $900 (yearly)/ $75 (monthly)
Cash Flow: $578
ROI: $6942 or 15.4%
Features:
ï‚· New Carpet & Hardwood
Rent-to-own: Yes
ï‚· Appliances
Appraised Value: $56k – $73k
ï‚· Fireplace
ï‚· Finished Basement w/ Bar
ï‚· Newer Roof
ï‚· Updated Plumbing
ï‚· Optional Security System