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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List Price
$59,500

Initial Investment

$54,810

Purchase Price

$54,000

Down Payment

100%

Rent

$800

Total Return

$35,766

Annualized Return

11.8%

Cap Rate

8.3%

Gross Yield

17.8%

Cash Flow

$3,914

Appreciation

6.0%
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Features

Occupancy

Occupied

Lease Start

12/06/2020

Lease End

04/30/2022

Lot Size

5,227

HOA

None

Flood Risk

Not Required


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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

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