18674 Snowden St

Detroit, MI 48235
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3 bd, 1 ba | 2,186 sqft | Built in 1941

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List Price
$75,000

Initial Investment

$19,893

Purchase Price

$73,000

Down Payment

25%

Rent

$945

Total Return

$30,355

Annualized Return

21.5%

Cap Rate

7.4%

Gross Yield

15.5%

Cash Flow

$769

Appreciation

6.4%
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Features

Occupancy

Occupied

Lease Start

11/01/2019

Lease End

04/30/2022

Lot Size

4,792

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$10,773

Expenses

-$3,936

Property Taxes

-$2,100

Loan Payments

-$3,969

Net Cash Flow

$769

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