16872 Archdale St

Detroit, MI 48235
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3 bd, 1 ba | 1,285 sqft | Built in 1956

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List Price
$80,000

Initial Investment

$20,983

Purchase Price

$77,000

Down Payment

25%

Rent

$900

Total Return

$30,459

Annualized Return

20.4%

Cap Rate

6.9%

Gross Yield

14.0%

Cash Flow

$517

Appreciation

6.4%
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Features

Occupancy

Occupied

Lease Start

02/06/2020

Lease End

01/31/2022

Lot Size

4,356

HOA

None

Flood Risk

Not Required

  • Tenant is section 8

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Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$3,257

Property Taxes

-$2,300

Loan Payments

-$4,186

Net Cash Flow

$517

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