Turnkey Investment Opportunity
16574 Oakfield, Detroit MI 48235
Picture Slideshow: https://www.youtube.com/watch?v=FyMVZBjTOuk
Video Tour: https://www.youtube.com/watch?v=GISdFmV5K2w
Pictures: https://www.dropbox.com/sh/xhhnmp957ultnrg/x6mcuKthkW
ü Great Brick Colonial with 3 Bedrooms, 1 Bath and a Full Basement
ü No Work for you! Completely Remodeled and Tenanted for $850 per month to a Prescreened Section 8 Tenant with Professional Property Management
ü Located in Beautiful Subdivision on the West Side Detroit near Rosedale Park, one of the most sought after neighborhoods in Detroit
ü Easy access via M-39 & M-10 Expressway & Close to Wayne County Community College
ü Surrounded by Parks and Close to several Shopping Centers
Features:
§ Bedrooms: 3
§ Bathrooms: 1
§ Single Family: 1,189 sq. ft.
§ Lot Size: 10,018 sq. ft.
§ Year Built: 1940
§ Parking: 1 Car Garage
§ Exterior: Brick
§ New Furnace
§ New Water Heater
§ New PEX Plumbing
§ Refinished Hardwood Floors
§ New Carpet
§ Fresh Paint
Financial Details
Monthly Income
Rent: $850
Monthly Expenses
Taxes: $139.82
Insurance: $51
Property Management: $85
(Vacancy & Maintenance: $85)
Total Expenses: $275.82
(Total Expenses with Vacancy & Maintenance: $360)
Monthly Cash Flow
$574.18
($489 with Vacancy & Maintenance)
Annual Cash Flow
$6,890.16
($5,868 with Vacancy & Maintenance)
Price: $45,000
Return-on-Investment: 15.31%
(Return-on-Investment with Monthly Vacancy & Maintenance: 13.04%)
To reserve this property, please contact Ian Watts at iwatts@piersonandcompany.com or by calling 313-744-2003
There are lots of investment but I think Real Estate is the right business to invest. Our business should be well maintained and we should assure that our investment are well established. That way we can assure the stability of it in the previous years to come.
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