29613 Oakwood St Inkster, MI 48141
3bd, 1ba | 888sqft | Built in 1948
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Initial Investment
$79,140
List Price: $76,000
Purchase Price
$76,000
Down Payment
100%
Rent
$850

Total Return
$25,708
Annualized Return
6.5%
Cap Rate
7.2%
Gross Yield
13.4%
Cash Flow
$4,866
Appreciation
1.4%
Features
Occupancy
Occupied
Lease Start
05/31/2019 
Lease End
05/31/2020 
Lot Size
16,683 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate, meets 1% rule
  • New 12-month lease started 5/31/2019
  • Vapor barrier in crawlspace installed and lifted shingles repaired (work order & photos in Diligence Vault)
  • 6 miles to Detroit Metropolitan Wayne County Airport, less than 20 miles to downtown Detroit

Annual Financial Highlight
Expected Rent
$9,690
Expenses
-$2,724
Property Taxes
-$2,100
Loan Payments
$0

Net Cash Flow
$4,866
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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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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