15478 Pinehurst St

Detroit, MI 48238
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3 bd, 1 ba | 1,336 sqft | Built in 1926

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List Price
$50,000

Initial Investment

$50,750

Purchase Price

$50,000

Down Payment

100%

Rent

$950

Total Return

$46,999

Annualized Return

16.2%

Cap Rate

11.4%

Gross Yield

22.8%

Cash Flow

$5,059

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

06/14/2019

Lease End

06/30/2021

Lot Size

3,920

HOA

None

Flood Risk

Not Required

  • Lease is month to month
  • Strong cap rate
  • No HOA
  • Dishwasher, refrigerator, range, and washer/dryer are owned by tenant and not included in the sale

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Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$4,171

Property Taxes

-$1,600

Loan Payments

$0

Net Cash Flow

$5,059

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