20029 Marlowe St

Detroit, MI 48235
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3 bd, 1.5 ba | 1,100 sqft | Built in 1948

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List Price
$72,450

Initial Investment

$21,798

Purchase Price

$70,000

Down Payment

25%

Rent

$925

Total Return

$29,203

Annualized Return

20.1%

Cap Rate

8.2%

Gross Yield

15.9%

Cash Flow

$1,268

Appreciation

6.4%
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Features

Occupancy

Unspecified

Lease Start

11/16/2013

Lease End

11/30/2016

Lot Size

5,227

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Long-term tenant is month-to-month
  • Below market rent

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$10,545

Expenses

-$3,172

Property Taxes

-$2,300

Loan Payments

-$3,806

Net Cash Flow

$1,268

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