1778 University Ave

Lincoln Park, MI 48146
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3 bd, 1 ba | 720 sqft | Built in 1951

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List Price
$64,000

Initial Investment

$17,068

Purchase Price

$60,999

Down Payment

25%

Rent

$915

Total Return

$43,032

Annualized Return

32.2%

Cap Rate

9.5%

Gross Yield

18.0%

Cash Flow

$1,875

Appreciation

9.3%
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Features

Occupancy

Occupied

Lease Start

06/19/2019

Lease End

06/30/2020

Lot Size

4,748

HOA

None

Flood Risk

Not Required

  • July rent has been paid. See ledger in diligence vault

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Annual Financial Highlights

Expected Rent

$10,431

Expenses

-$3,440

Property Taxes

-$1,800

Loan Payments

-$3,316

Net Cash Flow

$1,875

See more in Financials

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