Monthly
Yearly
GROSS RENTAL INCOME
$625
$ 7,500
EXPENSES
Property Taxes
$117
$1,400
Insurance
$50
$600
Property Management
$79
$948
Utilities
Total Expenses
$246
$2,948
NET RENTAL INCOME
$379
$4,552
RETURN ON INVESTMENT (ROI)
15.43%
| Price: | 29,500 |
| Address: | 18282 Rutherford St |
| City: | Detroit |
| State: | MI |
| Zip Code: | 48235 |
| Year Built: | 1944 |
| Floors: | 1 |
| Square Feet: | 843 |
| Lot Square Feet: | 4,487 |
| Bedrooms: | 2 |
| Bathrooms: | 1 |
| Financial: | 20% ROI |
Additional Features
Home Summary
Rehabbed in 2015 and very well maintained. $725.- Cash Flow per month. 2 Bed, 1 Bath, Yard fenced, new water heater, new furnace. Plumbing and electric updated. Tenant uses the basement as extra room. Close to schools, shops and public transport. This street is very attractive for tenants and investors.
Kitchen Summary
Kitchen is updated in 2015. Newer dark wood cabinets.
Living Room
Cosy living room.
Master Suite
2 Good size bedrooms with carpet.
Schools, shops and public transport are close.