Excellent Property! What's better a 1200 sq ft. home renting for $800 or a 630 sq ft. home renting for $800?

Think about the tenant turnover costs... 630 square feet means half the flooring and paint costs.

Inkster, MI. is just a few miles from the Detroit International Airport and just a few miles from Detroit (the comeback city). We are on track for another year of double digit appreciation! 

PLEASE READ THE REMARKS BELOW.

AREA INFO:

Inkster City is on the rise and we are excited to be a part of it!

Our company is one of just a few approved companies that is working directly with the city, mayor and building department in an effort to improve the city one block at a time. We're literally changing neighborhoods!

Inkster is a small affordable residential community surrounded by opportunity. Sitting just west of Detroit and only a few miles from the International Airport. With the bustling cities of Dearborne Heights, Taylor, Westland and Romulas surrounding it.

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. Construction is set to begin in summer 2018 bringing jobs and opportunity to Inkster. This is sure to cause property values to increase in the near future.

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 --- REALISTIC EXPENSES!

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