*** 25% CASH ON CASH RETURN ONLY CONSIDERED TAXES, 10% MANAGEMENT AND $500 ANNUAL INSURANCE. PLEASE TAKE INTO CONSIDERATION, OTHER EXPENSES. THIS IS MORE OF A GROSS BEST CASE RETURN***
ALSO MAKE SURE YOU'RE COMPARING APPLES TO APPLES WHILE OUT THERE SHOPPING. MOST SELLERS DON'T DISCLOSE LIKE WE DO.
TAKE A LOOK AT THE PHOTOS AND REPAIR REMARKS SO YOU CAN SEE THE QUALITY OF THE PRODUCT WE SELL.
GREAT HOUSE, TENANTED WITH A SECTION 8 TENANT, PROFESSIONALLY MANAGED.
I'M A PRINCIPLE OWNER OF THE MANAGEMENT COMPANY. I DECIDED TO PARTNER WITH A LOCAL MANAGEMENT COMPANY ABOUT A YEAR AGO TO PROTECT MY PORTFOLIO AND MY CLIENTS.
CONTRACTOR OFFICES OUT OF OUR OFFICE, THIS LEADS TO A SYNERGISTIC RELATIONSHIP AND HELPS KEEP COSTS DOWN.
FOR MORE INFORMATION OR PROPERTIES PLEASE GO TO WWW.PARTNERSINVESTING.COM
3 BED, 1 BATH HOME WITH A DETACHED 2 CAR GARAGE ID#129 26301 Carlysle St, Inkster, MI 48141
PROPERTY DETAILS
Purchase Price: $62,500.00
Address: 26301 Carlysle St, Inkster, MI 48141
Bed: 3
Bath 1.00
Living Area (approx sq. ft.): 1000
Parking: Detached 2 Car Garage
Year Built: 1941
Lot Size (approx sq. ft.): 9932
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. 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
- WATER HEATER
- VINYL WINDOWS AND BLINDS
- CARPET THROUGHOUT
- KITCHEN CABINETS, COUNTER TOP AND SINK
- TILE KITCHEN FLOORING
- BATHROOM VANITY, MIRROR, TOILET, AND TUB
- TILE BATHROOM FLOORING AND SHOWER SURROUND
- PLUMBING AND PLUMBING FIXTURES
- ELECTRICAL PANEL AND ELECTRICAL FIXTURES
- DOORS AND HARDWARE
- INTERIOR TWO-TONE PAINT
- GUTTERS
- LIGHTING THROUGHOUT
MAINTENANCE FREE VINYL SIDING
CASH FLOW ANALYSIS
850.00 Monthly Rent
$10,200.00 Gross Rents
-$1,020.00 ((10%)) Property Management Fee
-$1,217.00 Taxes
-$ 0.00 Utilities
-$510.00 Minus Vacancy (5%)
-$1,020.00 Minus Repairs, Maintenance, City Fees, Etc. (10%)
-$306.00 Minus Leasing Fee (3%)
-$0.00 Lawn Care
-$500.00 Insurance
$5,627.00 Net Rents divided by
$62,500.00 Purchase Price equals
9.00% ROI
COMPS
| Property Address | Purchase Price | Date Sold | Beds | Baths |
|---|
| 26487 Monticello, Inkster MI | $62,000 | 12/28/2017 | 3 | 1 |
| 26739 Yale, Inkster MI | $69,900 | 01/22/2018 | 3 | 1 |
| 1606 Kenwood, Inkster MI | $65,000 | 01/26/2018 | 3 | 1 |
*These estimates are based on current information and projections and are not a guarantee of future income. All investments have risk. Additional or increased expenses and vacancies could affect your actual realized return on your real estate investment property.
