28339 Parkwood St Inkster, MI 48141
3bd, 1ba | 920sqft | Built in 1951
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Initial Investment
$74,800
List Price: $70,000
Purchase Price
$70,000
Down Payment
100%
Rent
$850

Total Return
$22,690
Annualized Return
6.1%
Cap Rate
7.5%
Gross Yield
14.6%
Cash Flow
$4,645
Appreciation
1.4%
Features
Occupancy
Occupied
Lease Start
06/27/2019 
Lease End
06/30/2020 
Lot Size
5,924 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate
  • Conveniently located next to a golf course, trails, and parks
  • Easy access to Detroit Metropolitan Wayne County Airport (6.5 miles)
  • Leased through 6/30/2020

Annual Financial Highlight
Expected Rent
$9,690
Expenses
-$2,845
Property Taxes
-$2,200
Loan Payments
$0

Net Cash Flow
$4,645
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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