🏠 INVESTMENT OPPORTUNITY: Detroit, MI

📍 3850 Newport St, Detroit, MI 48215
💰 Price: $19,999
🛏️ 3 bed | 🛁 1 bath | 📐 903 sqft

💵 INVESTMENT METRICS:
– Monthly Rent: $1,261
– Monthly Cash Flow: $831
– Cash on Cash Return: 249.19%
– Cap Rate: 55.73%

💸 DOWN PAYMENT: $4,000

📊 MONTHLY EXPENSES:
– Mortgage (P&I): $98
– Property Tax: $25
– Insurance: $17
– Maintenance: $63
– Vacancy Reserve: $101
– Property Mgmt: $126

📝 PROPERTY DETAILS:
Solid fixer upper located in an upcoming area. Solid property with vision to add your own spin on it. Great bones and structure.

🔗 Full Listing: https://www.zillow.com/homedetails/3850-Newport-St-Detroit-MI-48215/88093031_zpid/

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3850 Newport St, Detroit, MI 48215, Detroit, MI