Detroit Suburb - 12% Returns - Redford

[Isaac Taylor]

Detroit Investment Property Overview – Redford,MI

• Market: Metro Detroit Area
  
• Listing Price: $94,900
• Rehab Estimate: $8,000
• Address: Crosley., Redford, MI 48239
• Beds / Baths / Sq Ft: 3 beds / 2 bath / 1,288 sqft
• Property Description: This home features a large family room with laminate flooring, a living room with an exposed wood floor, and bedrooms with new carpet with hardwood underneath.

Financial Summary - Click here for more details!

At Listing Price Purchase Price: $94,900 Rehab: $8,000 Closing Costs: $2,847 Total Investment: $105,747 Financed Amount: $75,920 Cash Investment: $29,827 Annual Revenue: $13,200 Annual Expenses: $7,860 Interest: $3,796 Net Income: $1,544 Annual Return: 5% Annual Appreciation: $1,898 Total Return Potential: 12%

At Recommended Price Purchase Price: $81,000 Rehab: $8,000 Closing Costs: $2,430 Total Investment: $91,430 Financed Amount: $64,800 Cash Investment: $26,630 Annual Revenue: $13,200 Annual Expenses: $7,680 Interest: $3,240 Net Income: $2,100 Annual Return: 8% Annual Appreciation: $1,898 Total Return Potential: 15%

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