Detroit Single Family Resident: Cashflow Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $50,000
Cash invested: $50,000
SFR: 3/1 with finished basement. Cashflowing!
What made you interested in investing in this type of deal?
The ROI (10%) was outstanding. Plus, I used low performing cash from my 401(k) to fund it.
How did you find this deal and how did you negotiate it?
Morris Invest Property (turn key)
How did you finance this deal?
Cash
What was the outcome?
Gross Monthly Rent: $800