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Detroit Turnkey Investment Property. MUST SELL! Property is rented with tenant and management in place- Great Deal!
This completely remodeled 2 story brick Colonial is ready for an investor who wants little maintenance and steady cash flow!
Home has new furnace, roof, hot water tank, remodeled kitchen, new exterior paint and brick work!
Seller said "Get rid of it!" Price is negotiable, so make an offer.
Here are the Cash Flow numbers:
Purchase Price: $27,000
Yearly Rental Income: $8,700
Yearly Taxes: $2,600
Yearly Property Management: $870
Net Yearly Rental Income: $5,230
Cash on Cash Return: 19%*
*Remember, this goes up as the price is lowered.
***BRING ALL OFFERS***