86 W Cornell Ave

Pontiac, MI 48340
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3 bd, 1 ba | 1,013 sqft | Built in 1959

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List Price
$50,000

Initial Investment

$14,224

Purchase Price

$52,199

Down Payment

25%

Rent

$875

Total Return

$44,047

Annualized Return

38.5%

Cap Rate

11.2%

Gross Yield

20.1%

Cash Flow

$2,397

Appreciation

10.0%
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Features

Occupancy

Occupied

Lease Start

10/01/2017

Lease End

10/01/2018

Lot Size

9,017

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$9,975

Expenses

-$3,640

Property Taxes

-$1,100

Loan Payments

-$2,838

Net Cash Flow

$2,397

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