GREAT Michigan rental property
I have a rental property under contract in Roseville Michigan. This property literally needs NO REHAB. It is very clean and in fantastic rent-ready condition. Here are the facts:
2 bedroom
1 bath
Foundation - crawl
1 car detached garage
Recently installed furnace
Eclectic recently updated
Newer windows, newer hot water tank
Roof in great shape
Kitchen recently remodeled
The taxes for this house are only $1400 yearly
This house will rent for $800-$850/ month- maybe more
(It has been rented for as much as $950)
PRICE - $42,000
ROI- 19% (before vacancies)
ROI- 17.26% (considering a 1 month vacancy)
This property will not be available long. Please contact me if interested.