🏠 INVESTMENT OPPORTUNITY: Detroit, MI

📍 629 E Margaret St, Detroit, MI 48203
💰 Price: $45,000
🛏️ 2 bed | 🛁 1 bath | 📐 1,000 sqft

💵 INVESTMENT METRICS:
– Monthly Rent: $1,163
– Monthly Cash Flow: $580
– Cash on Cash Return: 77.29%
– Cap Rate: 21.35%

💸 DOWN PAYMENT: $9,000

📊 MONTHLY EXPENSES:
– Mortgage (P&I): $221
– Property Tax: $57
– Insurance: $38
– Maintenance: $58
– Vacancy Reserve: $93
– Property Mgmt: $116

📝 PROPERTY DETAILS:
Only need maybe stairs but they are still intact. Thermostat needs to be put on but I do have a brand new one.

🔗 Full Listing: https://www.zillow.com/homedetails/629-E-Margaret-St-Detroit-MI-48203/88150289_zpid/

#realestateinvesting #rentalpropertyinvesting #cashflow #passiveincome #realestate

629 E Margaret St, Detroit, MI 48203, Detroit, MI

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