18738 Woodcrest St
Harper Woods, MI 48225
List Price
$72,000
Initial Investment
$19,820Purchase Price
$68,000
Down Payment
25%
Rent
$850
Total Return
$50,517
Annualized Return
28.9%
Cap Rate
6.2%
Gross Yield
15%
Cash Flow
-$61
Appreciation
12.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
01/03/2019
Lease End
01/31/2020
Lot Size
5,576
HOA
None
Flood Risk
Not Required
- Listed as part of a portfolio; For additional info Click Here
- Seller recently made repairs on home, view inspection documents for more info
- Meets 1% rule with attractive cap rate
- Tenant pays Electric, Garbage, Gas, Landscaping, PestControl, Water
- Historical 1-year appreciation of 10.0%
- Within 20 minutes of downtown Detroit
- August rent has been paid. See ledger in diligence vault
See more in Analysis
Annual Financial Highlights
Expected Rent
$9,690Expenses
-$3,055Property Taxes
-$3,000Loan Payments
-$3,697Net Cash Flow
-$61See more in Financials
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