Completely Remodeled Rental, $800 month rents, $61,170

[Chris Ramos]

AREA INFO:

***The Detroit suburb of Inkster is located directly west of Detroit. Comprised of mostly 2 and 3 bedroom homes Inkster is undergoing a transformation of youth. Young families are finding affordability with ease of access to downtown Detroit, Ford Manufacturing Facility and Detroit Wayne Metro Airport with a quiet suburban lifestyle. In 2016 the planning phase to connect the University of Michigan to Wayne County Airport and Downtown Detroit began. This project will include a light rail and main station in Inkster City drawing more families and development to the city. Property values are sure to rise quickly in Inkster.

REMODEL REMARKS:

SECTION 8 TENANT

COMPLETELY REMODELED WITH NEW:

• ROOF WITH 30 YEAR ARCHITECTURAL SHINGLES
• FURNACE
• HOT WATER HEATER
• VINYL WINDOWS AND BLINDS
• KITCHEN CABINETS, COUNTER TOP, AND SINK
• TILE KITCHEN FLOORING
• BATHROOM VANITY, TOILET, MIRROR, AND TUB
• TILE BATHROOM FLOORING AND SHOWER SURROUND
• INTERIOR AND EXTERIOR LIGHTING
• DOORS AND HARDWARE
• INTERIOR TWO-TONE PAINT
• PLUMBING AND PLUMBING FIXTURES
• ELECTRICAL PANEL AND ELECTRICAL FIXTURES
• GUTTER SYSTEM

MAINTENANCE FREE VINYL SIDING

EXCELLENT MANAGEMENT IN PLACE

CASH FLOW ANALYSIS

800.00 Monthly Rent

$9,600.00 Gross Rents
-$960.00 ((10%)) Property Management Fee
-$601.00 Taxes
-$ 0.00 Utilities
-$480.00 Minus Vacancy (5%)
-$960.00 Minus Repairs, Maintenance, City Fees, Etc. (10%)
-$288.00 Minus Leasing Fee (3%)
-$0.00 Lawn Care
-$500.00 Insurance

$5,811.00 Net Rents divided by

$61,170.00 Purchase Price equals

9.50% ROI

FOR MORE PROPERTIES OR TO LEARN ABOUT A HANDS FREE RENTAL OWNERSHIP GO TO www.partnersinvesting.com  

GOOD LUCK INVESTING!