This one is a keeper, purely for cash flow.
Purchase Price - $36,000 (including back taxes/utilities)
Maintenance - $75 per month
Management - $85 per month
Taxes - $106 per month
Insurance - $51 per month
Rent - $850 per month
17.76% net return
Income - $6396 pa
@Marisa R. congrats. Where in Detroit is this? Is it in Wayne County?
Your taxes look extremely low, if it’s in Wayne. I used to own 20 rentals there, but some had taxes of $3k/year on a $5k purchase price! It was hard to make money with such high expenses
Good luck to you