34271 Richard St

Wayne, MI 48184
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3 bd, 1 ba | 1,022 sqft | Built in 1943

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List Price
$70,565

Initial Investment

$21,027

Purchase Price

$67,200

Down Payment

25%

Rent

$800

Total Return

$40,904

Annualized Return

24.8%

Cap Rate

6.9%

Gross Yield

14.3%

Cash Flow

$420

Appreciation

10.2%
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Features

Occupancy

Occupied

Lease Start

04/07/2017

Lease End

04/30/2018

Lot Size

4,225

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$9,120

Expenses

-$2,847

Property Taxes

-$2,200

Loan Payments

-$3,653

Net Cash Flow

$420

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