16816 Pinehurst St

Detroit, MI 48221
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3 bd, 1.5 ba | 975 sqft | Built in 1965

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List Price
$80,450

Initial Investment

$13,625

Purchase Price

$50,000

Down Payment

25%

Rent

$930

Total Return

$42,024

Annualized Return

37.9%

Cap Rate

10.9%

Gross Yield

22.3%

Cash Flow

$2,107

Appreciation

10.2%
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Features

Occupancy

Occupied

Lease Start

03/08/2019

Lease End

03/31/2021

Lot Size

3,920

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Leased through 03/31/2021
  • Near schools and churches

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Annual Financial Highlights

Expected Rent

$10,602

Expenses

-$3,477

Property Taxes

-$2,300

Loan Payments

-$2,718

Net Cash Flow

$2,107

See more in Financials

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