Cash Flow analysis MONTHLY RENT PMT : $925 ANNUAL RENT : $11,100 Estimated* Hazard Insurance: $500 Estimated* Property Taxes: $701 Property Managment Exp: $1,110 Annual Utilites Exp: $0 Estimated* Net Income: $8,789 * 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 We Bought Grandma's House - One Previous Owner Awesome 3 Bed, 1 Bath Brick Home with a detached 2 Car Garage New Furnace New Hot Water Heater Central Air Conditioning Vinyl Windows New Blinds Landscaping New Tenant Excellent Management in Place Full Remarks The City of Pontiac is a manufacturing hub located just north of Detroit Michigan and is the County Seat of Oakland County. Along with two major hospitals several large companies make their homes in Pontiac including General Motors, AT&T, and HP Enterprise Services. In 2006 the automobile industry crashed leaving several large commercial districts vacant in Pontiac. With the recent resurgence in the auto industry the city has had success in occupying these large properties with new and old companies bringing in new jobs. With employment opportunities small families are flocking to Pontiac. This influx of working families is causing a shortage of 2 and 3 bedroom homes creating high demand and low turnover for rental units.
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