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Duplex under $60K with 18% cap!



$59,900

FOR SALE

11325 Littlefield St

Detroit, MI

  • DUPLEX has updated new electric, plumbing, furnace, windows, siding, drywall, patio and much more! Only $27 a Sqft! This property consist of two 1 Beds 1 bath and a half.
  • Duplex is located on an up and coming Detroit community! With property rented at $1,225 TOTAL!
  • Numbers make sense PURCHASE AND COLLECT!. Purchase at $61.5K with closing cost. 10% Maintenance ($1,470). $1000 in taxes and $1,200 insurance. $14,700 total year rent Minus $3,670 expenses leaves you at $11,030 (18% CAP) Property will be paid off in 6 years with yearly appreciation.
  • Check this article on how Detroit is changing and rebuilding! https://www.nytimes.com/interactive/2018/04/30/us/detroit-come-back-budget.html

Documents

 
No Documents for this Property


  • Sale Comps $110K - $120K
  • Rental Comps $1,100 - $1,300
  • Property Type Residential
  • Location Detroit, MI
  • Size 2232 sq. ft.
  • Bedrooms 2
  • Bathrooms 3
  • TAV 56.7K
  • Annual Taxes $1,000
  • Year Built 1927

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