Buy-and-hold Detroit Property - 15%Returns (Dearborn)

[Isaac Taylor]

DETROIT INVESTMENT PROPERTY ANALYSIS

Market: Metro Detroit Area

Listing Price: $109,900 Detroit investment property
Rehab Estimate: $8,000
Address: Woodside, Dearborn, MI

Beds / Baths / Sq Ft: 3 beds / 2 bath / 1,066 sq ft
Property Description: A nice 3 Bedroom, with a finished basement across the street from a park, close to schools, and features a new tear-off roof, new carpet, fresh paint, and vinyl windows. The stove, refrigerator and dishwasher are included.

FINANCIAL SUMMARY - Click here for more details!

At Listing Price Purchase Price: $109,900 Rehab: $8,000 Closing Costs: $3,297 Total Investment: $121,197 Financed Amount: $87,920 Cash Investment: $33,277 Annual Revenue: $13,800 Annual Expenses: $7,645 Interest: $4,396 Net Income: $2,198 Annual Return: 5% Annual Appreciation: $2,198 Total Return Potential: 12%

At Recommended Price Purchase Price: $95,000 Rehab: $8,000 Closing Costs: $2,850 Total Investment: $105,850 Financed Amount: $76,000 Cash Investment: $29,850 Annual Revenue: $13,800 Annual Expenses: $7,645 Interest: $3,800 Net Income: $2,356 Annual Return: 8% Annual Appreciation: $2,198 Total Return Potential: 15%

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