19405 Pierson St

Detroit, MI 48219
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3 bd, 2 ba | 1,100 sqft | Built in 1950

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List Price
$81,000

Initial Investment

$17,713

Purchase Price

$65,000

Down Payment

25%

Rent

$850

Total Return

$1,412

Annualized Return

1.7%

Cap Rate

7.3%

Gross Yield

15.7%

Cash Flow

$604

Appreciation

-0.8%
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Features

Occupancy

Occupied

Lease Start

09/04/2020

Lease End

09/30/2021

Lot Size

5,663

HOA

None

Flood Risk

Not Required

  • Leased through 09/30/2021
  • Below market rent
  • Located in a quiet, wooded area
  • Near schools and parks

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$2,952

Property Taxes

-$2,600

Loan Payments

-$3,534

Net Cash Flow

$604

See more in Financials

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