My Little Cash Cow in Detroit

1 Reply

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