29055 Parkwood St Inkster, MI 48141
3bd, 1ba | 924sqft | Built in 1936
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Initial Investment
$77,775
List Price: $75,000
Purchase Price
$75,000
Down Payment
100%
Rent
$850

Total Return
$25,894
Annualized Return
6.6%
Cap Rate
7.2%
Gross Yield
13.6%
Cash Flow
$4,839
Appreciation
1.4%
Features
Occupancy
Occupied
Lease Start
03/14/2019 
Lease End
03/31/2020 
Lot Size
10,542 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate, meets 1% rule
  • Located in Opportunity Zone
  • $150/mo upside potential in rent
  • Interior and exterior rehab prior to current tenant leasing

Annual Financial Highlight
Expected Rent
$9,690
Expenses
-$2,751
Property Taxes
-$2,100
Loan Payments
$0

Net Cash Flow
$4,839
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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