12770 Meyers Rd

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

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Sale Pending

Exclusive

Cash Only

Favorite

List Price
$55,000

Initial Investment

$55,825
Pre-approval letter or proof of funds required.

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

Occupancy

Vacant

Vacancy Protection

Yes

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

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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

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.

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