$70,000
17325 Barlow St, Detroit, MI 48205
Current Rent **
$999
Projected Rent **
$1,598
Unit 1 Details
- Current Rent: $999
- Bedroom: 3 bd
- Bathroom: 1½ ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
Unit 2 Details
- Current Rent:
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: No
BRRRR Turnkey | Scope of Work Available!
5/2.5 | 3,140 Sq Ft.
Class: C
Current Rent Front Unit: $999/month
Current Rent Back Unit: $600/month
Rent-to-Price Ratio (RTP): 2.2
Why Invest?
- With an RTP of 2.2, this property offers outstanding cash flow from day one.
- Low Entry Price: At just $70K, this is a low-barrier entry into multifamily investing.
- Room for Appreciation: With light cosmetic updates investors can force appreciation and increase rental income.
- BRRRR Potential: Ideal for experienced investors
Dont miss this affordable Metro Detroit Investment!
Basement: Unfinished
Garage: 1 Car
Lot Size: 40 x 110
HVAC: Forced Air, Gas/Electric, to be installed after closing
Appliances: None
Contact us now to write an offer!
Location:
17325 Barlow St, Detroit, MI 48205
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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