Property Description:
Photos: photos.app.goo.gl/tDwMmaV96rcoGYA5A
UPDATES
💧 Updated Kitchen Cabinets/Backsplash
💧 Updated Stainless Steel Appliances
💧 New Roof 12 years ago
💧 New Furnace 12 years ago
💧 Has an AC
VALUE ADD OPPORTUNITIES
💧 Place tenant at $1100 per month or above
💧 Complete half bath in basement
INVESTMENT FINANCIALS
💧 Price: $59,900 (ARV ~$85,000)
💧 Spread: ~$25,000
💧 Return Rate: ~20%+
💧 Market Rent: $1100+/m2m
💧 Insurance: ~$40/month
💧 P Management: ~$110/month (if wanted)
💧 Taxes: ~$2000 per year
💧 Potential Cashflow: $13,200+ per year
PROPERTY DETAILS
💧 3 Bedrooms
💧 1.5 Bathroom
💧 ~1200 sqft
💧 Full Basement
💧 Built in 1938
Photos: photos.app.goo.gl/tDwMmaV96rcoGYA5A
DESCRIPTION
💧 High-demand location for this investment in 48235. Market Rent is ~$1100+. Updated Kitchen with Backsplash & Stainless Steel appliances. Hardwood floors throughout. The house is brick and has a full basement with half bath. Property has been well maintained. Roof is 12 years old, Furnace is 15 years old. Nice buy & hold opportunity.