28362 Parkwood St Inkster, MI 48141
3bd, 1ba | 920sqft | Built in 1951
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Initial Investment
$81,505
List Price: $77,000
Purchase Price
$77,000
Down Payment
100%
Rent
$850

Total Return
$23,905
Annualized Return
5.9%
Cap Rate
7.0%
Gross Yield
13.2%
Cash Flow
$4,774
Appreciation
1.4%
Features
Occupancy
Occupied
Lease Start
04/08/2019 
Lease End
03/30/2020 
Lot Size
5,924 
HOA
None
Flood Risk
Not Required
  • Located in Opportunity Zone
  • $175/mo upside potential in rent
  • Tenant is Section 8
  • Interior and exterior rehab prior to current tenant leasing
  • 11 mins to Detroit Metropolitan Wayne County Airport, 30 mins to downtown Detroit

Annual Financial Highlight
Expected Rent
$9,690
Expenses
-$2,716
Property Taxes
-$2,200
Loan Payments
$0

Net Cash Flow
$4,774
Considerations
Property Characteristics    View Details

Roofstock Guarantee
Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
  • 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   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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