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Archived about 5 years ago

$59,260

3 bd 1 ba 1105 sqft

26177 Lehigh st., Inkster, MI 48141

Residential SFR Occupied Off MLS

Current Rent **

$800

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Off MLS, Fully Restored $59,260, $800 monthly rental income

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
WATER HEATER
VINYL SIDING, WINDOWS, AND BLINDS
KITCHEN CABINETS, COUNTER TOP, AND SINK
TILE KITCHEN FLOORING
BATHROOM VANITY, MIRROR, TUB, AND TOILET
TILE BATHROOM FLOORING AND SHOWER SURROUND
CARPET THROUGHOUT
DOORS AND HARDWARE
LIGHTING THROUGHOUT
PLUMBING AND PLUMBING FIXTURES
ELECTRICAL PANEL AND ELECTRICAL FIXTURES
GUTTER SYSTEM
INTERIOR TWO-TONE PAINT
EXCELLENT MANAGEMENT IN PLACE

Location:

26177 Lehigh st., Inkster, MI 48141

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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.