846 Menominee Rd

Pontiac, MI 48341
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4 bd, 3.5 ba | 1,697 sqft | Built in 1950

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List Price
$119,900

Initial Investment

$31,855

Purchase Price

$116,900

Down Payment

25%

Rent

$1,300

Total Return

$66,638

Annualized Return

26.8%

Cap Rate

7.3%

Gross Yield

13.3%

Cash Flow

$1,488

Appreciation

8.6%
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Features

Occupancy

Occupied

Lease Start

02/01/2016

Lease End

02/01/2020

Lot Size

6,360

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$14,820

Expenses

-$4,276

Property Taxes

-$2,700

Loan Payments

-$6,355

Net Cash Flow

$1,488

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