11319 Balfour Rd

Detroit, MI 48224
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3 bd, 1.5 ba | 1,730 sqft | Built in 1942

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Sold

Exclusive

Cash Only
List Price
$59,500

Initial Investment

$54,810
Features

Occupancy

Occupied

Lease Start

12/06/2020

Lease End

04/30/2022

Lot Size

5,227

HOA

None

Flood Risk

Not Required

See more in Analysis

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Annual Financial Highlights

Expected Rent

$9,120

Expenses

-$3,506

Property taxes

-$1,700

Loan Payments

$0

Net Cash Flow

$3,914

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.