Updated almost 8 years ago on . Most recent reply
Detroit SFR Section 8 Rentals 30% plus cash on cash returns
Buy 1 or buy 100. Rents in place ranging from $750 up to $1140 per month. Massive cash flow each month with cash on cash returned in excess of 30%. All of the hard work has been done letting you sit back and collect your "mailbox money". Professional management in place or manage them on your own. Seller may consider seller financing. (Homes are located all across metro detroit and featured home is meant as an example only of potential properties)
Featured Home in Listing 8202 Pierson boats an amazing NOI of $8,970
Yearly Rent: $13,020 (guaranteed by US government and directed vendored)
Yearly Tax: ($650)
Mgmt: ( $1,300)
Year Insurance: ($800)
Reserve/ Maintenance: ($1300)
ROI: 24%
Serious Inquires only.