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
$83,995

Initial Investment

$22,889

Purchase Price

$83,995

Down Payment

25%

Rent

$1,050

Total Return

$62,236

Annualized Return

33.3%

Cap Rate

8.9%

Gross Yield

15.0%

Cash Flow

$2,230

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

06/01/2020

Lease End

06/30/2020

Lot Size

9,017

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Month-to-month
  • 3-bed, 1-bath

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$11,970

Expenses

-$3,674

Property Taxes

-$1,500

Loan Payments

-$4,566

Net Cash Flow

$2,230

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