26023 Norfolk St Inkster, MI 48141
2bd, 1ba | 710sqft | Built in 1950
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Initial Investment
$72,720
List Price: $68,000
Purchase Price
$68,000
Down Payment
100%
Rent
$911

Total Return
$25,342
Annualized Return
7.0%
Cap Rate
8.5%
Gross Yield
16.1%
Cash Flow
$5,147
Appreciation
1.4%
Features
Occupancy
Occupied
Lease Start
04/15/2019 
Lease End
04/30/2020 
Lot Size
6,055 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate, meets 1% rule
  • Recently renovated interior
  • Tenant is Section 8
  • 20 miles to downtown Detroit

Annual Financial Highlight
Expected Rent
$10,385
Expenses
-$3,138
Property Taxes
-$2,100
Loan Payments
$0

Net Cash Flow
$5,147
Considerations
Property Characteristics    View Details

Roofstock Guarantee
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  • All properties come with our 30-day money back guarantee
  • Enjoy guaranteed rent on vacant, rent-ready properties starting 45 days after closing. Plus, you will also pay no monthly management fees until your property is leased.
  • This offer applies to all single-family properties and excludes duplexes, triplexes and fourplexes.

Property Management   

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