8978 Birwood St

Detroit, MI 48204
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4 bd, 2 ba | 3,363 sqft | Built in 1929

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List Price
$89,000

Initial Investment

$26,433

Purchase Price

$97,000

Down Payment

25%

Rent

$1,675

Total Return

$64,655

Annualized Return

32.7%

Cap Rate

10.4%

Gross Yield

20.7%

Cash Flow

$3,707

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

12/01/2021

Lease End

11/30/2022

Property Type

Duplex

Lot Size

4,356

HOA

None

Flood Risk

Not Required

  • Lower unit will be occupied on 12/1/21; tenant pays ALL utilities
  • Upper unit will be occupied on 12/1/21; $800/mo; tenant pays ALL utilities
  • No HOA

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Annual Financial Highlights

Expected Rent

$19,095

Expenses

-$7,614

Property Taxes

-$2,500

Loan Payments

-$5,273

Net Cash Flow

$3,707

See more in Financials

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