26904 Dartmouth St

Inkster, MI 48141
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3 bd, 1 ba | 910 sqft | Built in 1950

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List Price
$70,000

Initial Investment

$19,230

Purchase Price

$68,000

Down Payment

25%

Rent

$970

Total Return

$25,770

Annualized Return

20.9%

Cap Rate

8.9%

Gross Yield

17.1%

Cash Flow

$1,659

Appreciation

4.7%
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Features

Occupancy

Occupied

Lease Start

04/11/2019

Lease End

03/31/2020

Lot Size

5,314

HOA

None

Flood Risk

Not Required

  • Attractive cap rate, meets 1% rule
  • Recently renovated interior, invoices for repairs post-inspection in the Diligence Documents
  • Tenant is Section 8
  • Close to schools, shopping, and 20 miles to downtown Detroit

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Annual Financial Highlights

Expected Rent

$11,058

Expenses

-$3,602

Property Taxes

-$2,100

Loan Payments

-$3,697

Net Cash Flow

$1,659

See more in Financials

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