1588 University Ave

Lincoln Park, MI 48146
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3 bd, 1 ba | 816 sqft | Built in 1954

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List Price
$67,500

Initial Investment

$18,653

Purchase Price

$68,450

Down Payment

25%

Rent

$740

Total Return

$40,380

Annualized Return

26.8%

Cap Rate

6.9%

Gross Yield

13.0%

Cash Flow

$520

Appreciation

9.3%
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Features

Occupancy

Occupied

Lease Start

07/01/2019

Lease End

06/30/2021

Lot Size

3,790

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Leased through 06/30/2021
  • Below market rent
  • Near I-75

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Annual Financial Highlights

Expected Rent

$8,436

Expenses

-$2,295

Property Taxes

-$1,900

Loan Payments

-$3,721

Net Cash Flow

$520

See more in Financials

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