19% Returns in Detroit

[Isaac Taylor]

DETROIT INVESTMENT PROPERTY OVERVIEW

• Market: Metro Detroit Area
• Listing Price: $14,500
• Rehab Estimate: N/A
• Address: Oakfield, Detroit, MI
• Beds / Baths / Sq Ft: 3 beds / 1 bath / 1,433 sq ft
• Property Description: Everything in the house is new and beautiful it has a nice large front and backyard and there is a playground across the street for the kids. The kitchen and bathroom are newly renovated. The basement is big and spacious with a new furnace and hot water tank. The renovations to the bathroom include: new ceramic and marble tiles, sink, tub, and toilet.

FINANCIAL SUMMARY - Click for more details!

At Listing Price Purchase Price: $14,500 Rehab: N/A Closing Costs: $4,435 Total Investment: $18,935 Financed Amount: Cash Investment: $18,395 Annual Revenue: $8,400 Annual Expenses: $5,256 Interest: Net Income: $3,144 Annual Return: 17% Annual Appreciation: $145 Total Return Potential: 17%

At Recommended Price Purchase Price: $13,000 Rehab: N/A Closing Costs: $4,390 Total Investment: $17,390 Financed Amount: Cash Investment: $17,390 Annual Revenue: $8,400 Annual Expenses: $5,256 Interest: Net Income: $3,144 Annual Return: 18% Annual Appreciation: $145 Total Return Potential: 19%

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