6346 Farmbrook St

Detroit, MI 48224
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3 bd, 1 ba | 1,544 sqft | Built in 1948

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Sold

Exclusive

List Price
$80,000

Initial Investment

$21,255
Pre-approval letter or proof of funds required.
Features

Occupancy

Occupied

Lease Start

04/01/2021

Lease End

04/30/2022

Lot Size

4,792

HOA

None

Flood Risk

Not Required

  • Highlights/Opportunity: Below market rent rate
  • Location: Close to stores, public schools, churches and restaurants; Detroit is home to 100 Fortune 500 companies, including Penske Automotive, Quicken Loans, Kellogg, Whirlpool, and Walmart
  • Improvements/Condition: Interior was renovated in 2019
See more in Analysis

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$3,134

Property Taxes

-$2,500

Loan Payments

-$4,240

Net Cash Flow

-$184

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

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

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