Price is including renovation. The renovation starts when the house is sold and takes about 3 weeks.
Monthly
Yearly
GROSS RENTAL INCOME
$750
$ 9,000
EXPENSES
Property Taxes
$147
$1,765
Insurance
$50
$600
Property Management
$79
$948
Utilities
Total Expenses
$276
$3,313
NET RENTAL INCOME
$474
$5,687
RETURN ON INVESTMENT (ROI)
16.25%
| Price: | $31,500 |
| Address: | 16636 Appoline St |
| City: | Detroit |
| State: | MI |
| Zip Code: | 48235 |
| Year Built: | 1937 |
| Floors: | 1 |
| Square Feet: | 1205 |
| Lot Square Feet: | 3,703 |
| Bedrooms: | 3 |
| Bathrooms: | 1 |
| Garage: | Yes |
| Financial: | 20% ROI |
Additional Features
Home Summary
Sold with a discount of $4,500!! The property is currently under rehab and is ready in July.. Great opportunity to acquire a newly rehabbed home in a popular area for a steal. Estimated rental income $750-$775 per month, ROI +20% This house has 3 beds, 1 bath, updated kitchen, restored hardwood floors and updated electric and plumbing. The house comes with a 2 month warranty on the rehab.
Kitchen Summary
Living Room
Master Suite
Close to schools, shops and public transport.