16873 Ferguson St
Detroit, MI 48235
List Price
$78,000
Initial Investment
$23,945$
about the purchase process.
Features
Occupancy
Occupied
Lease Start
03/12/2021
Lease End
03/31/2023
Lot Size
3,920
HOA
None
Flood Risk
Not Required
- Attractive cap rate
- Close to local schools and restaurants
- Seller repaired the window and basement item as stated on inspection report
- The attic was not re-inspected per previous inspection report
See more in Analysis
Annual Financial Highlights
Expected Rent
$10,830Expenses
-$3,398Property Taxes
-$2,200Loan Payments
-$3,351Net Cash Flow
$1,881See 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.
Similar Listings