🏠 INVESTMENT OPPORTUNITY: Detroit, MI
🏠 TENANT IN PLACE – Immediate Cash Flow!

📍 19700 Binder St, Detroit, MI 48234
💰 Price: $49,900
🛏️ 2 bed | 🛁 1 bath | 📐 700 sqft

💵 INVESTMENT METRICS:
– Monthly Rent: $1,048
– Monthly Cash Flow: $457
– Cash on Cash Return: 54.92%
– Cap Rate: 16.88%

💸 DOWN PAYMENT: $9,980

📊 MONTHLY EXPENSES:
– Mortgage (P&I): $245
– Property Tax: $64
– Insurance: $42
– Maintenance: $52
– Vacancy Reserve: $84
– Property Mgmt: $105

📝 PROPERTY DETAILS:
Great performing investment property. 2 bedroom 1 bath home on the first block south of Outer Drive west of Ryan. Currently tenant occupied.

🔗 Full Listing: https://www.zillow.com/homedetails/19700-Binder-St-Detroit-MI-48234/88697001_zpid/

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19700 Binder St, Detroit, MI 48234, Detroit, MI

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