12770 Meyers Rd

Detroit, MI 48227
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3 bd, 2 ba | 1,468 sqft | Built in 1926

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List Price
$55,000

Initial Investment

$55,825

Purchase Price

$55,000

Down Payment

100%

Rent

$1,215

Total Return

$48,384

Annualized Return

16.1%

Cap Rate

14.3%

Gross Yield

26.5%

Cash Flow

$7,052

Appreciation

4.7%
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Features

Lot Size

3,920

HOA

None

Flood Risk

Not Required

  • Vacant property
  • Excellent current market cap rate and annual positive cash flow
  • Near elementary and middle school

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Annual Financial Highlights

Expected Rent

$13,851

Expenses

-$5,199

Property Taxes

-$1,600

Loan Payments

$0

Net Cash Flow

$7,052

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