CASH ONLY Redford MI. Nice street. Strong rental market. Fetch $1k/month in rent for only $38,000. 3 bed. 1 Bath. 1080 sf. on a crawl. W/ Attached Garage. Lots of recent upgrades! Roof, Siding, Windows, Driveway are ALL NEW. LOOK AT THESE NUMBERS: Market Rent $1,000.00 Vacancy (8%) $ 80.00 Effective Rent $ 920.00 Property Management (10%) $ 92.00 Taxes (actual) $ 130.00 Insurance (est.) $ 40.00 Cap Ex/Maint. (15%) $ 138.00 Total Expenses $ 400.00 NOI $ 520.00 Annual NOI $6,240.00 (Debt: 30 yr, 4.5%apr, 10% down) $ 191.00 Monthly Cash Flow $ 329.00 Annual Cash Flow $3,948.00 Cap Rate 16.42 Cash on Cash 110% CASH ONLY! First person to get a $2k NON-REFUNDABLE EMD in my hands gets it. Must close before May 15th.
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