🏠 INVESTMENT OPPORTUNITY: Detroit, MI

📍 16773 Ferguson St, Detroit, MI 48235
💰 Price: $65,000
🛏️ 3 bed | 🛁 1 bath | 📐 1,156 sqft

💵 INVESTMENT METRICS:
– Monthly Rent: $1,423
– Monthly Cash Flow: $640
– Cash on Cash Return: 59.03%
– Cap Rate: 17.7%

💸 DOWN PAYMENT: $13,000

📊 MONTHLY EXPENSES:
– Mortgage (P&I): $319
– Property Tax: $83
– Insurance: $54
– Maintenance: $71
– Vacancy Reserve: $114
– Property Mgmt: $142

📝 PROPERTY DETAILS:
Great opportunity for an investment property or starter home. Very little TLC needed. BATVAI

🔗 Full Listing: https://www.zillow.com/homedetails/16773-Ferguson-St-Detroit-MI-48235/88244205_zpid/

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16773 Ferguson St, Detroit, MI 48235, Detroit, MI