Cash Flow analysis MONTHLY RENT PMT : $800 ANNUAL RENT : $9,600 Estimated* Hazard Insurance: $500 Estimated* Property Taxes: $1,676 Property Managment Exp: $960 Annual Utilites Exp: $0 Estimated* Net Income: $6,464 * 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 effect your actual realized return on your real estate investment property. Cash investors only. Property is available for immediate sale. Short Remarks Brick 4 bed, 2 bath home with a detached garage. Class B. Updated windows Updated kitchen Tile kitchen backsplash Updated cabinets with new hardware Finished basement Newer furnace Updated electrical Management in place at 10% Full Remarks The city of Detroit and the surrounding suburbs are going through a huge come back. Multiple media outlets consistently rate Detroit in the top 10 best places to buy rental properties in the country. With record low pricing, record increases in rent premiums, and a resurging and diversifying job market, the perfect opportunity to buy low price and high yield properties was created. This city and its surrounding suburbs are on their way back up with the help of Fortune 500 companies and the government. In May 2015 General Motors announced the investment of $1 billion into their Detroit area technology park. This investment is expected to bring 2900 new jobs to the area. We have been investing in Detroit ever since the housing crisis and all we have seen is an increase in home prices and a higher demand for rental units throughout the years. This is a great market and we believe it will only get better.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
