12770 Meyers Rd
Detroit, MI 48227
List Price
$55,000
Initial Investment
$55,825Purchase 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%
Reset to DefaultEdit Assumptions
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
See more in Analysis
Annual Financial Highlights
Expected Rent
$13,851Expenses
-$5,199Property Taxes
-$1,600Loan Payments
$0Net Cash Flow
$7,052See more in Financials
Similar Listings