7757 Lamphere

Detroit, MI 48239
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3 bd, 1 ba | 797 sqft | Built in 1947

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List Price
$95,000

Initial Investment

$25,751

Purchase Price

$94,500

Down Payment

25%

Rent

$1,193

Total Return

$84,781

Annualized Return

36.2%

Cap Rate

8.0%

Gross Yield

15.1%

Cash Flow

$1,781

Appreciation

12.7%
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Features

Occupancy

Unspecified

Lease Start

04/07/2021

Lease End

04/30/2022

Lot Size

6,534

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$13,600

Expenses

-$3,982

Property Taxes

-$2,700

Loan Payments

-$5,138

Net Cash Flow

$1,781

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