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Great returns! 10% CAP on this Detroit Rental!



$34,000

SOLD

4600 Neff Ave

Detroit, MI

  • Property is currently rented for $500 a month.
  • One street away from grosse pointe.
  • 10% CAP RATE:
    $3,461 NOI /$34,000 Purchase Price
  • Net Operating Income:
    $6,000 Gross Rental Income
    -$600 Management Cost (10%
    -$840 Insurance ($70/mo)
    -$1,099 Annual Taxes
    $3,461 NOI

Documents

 
No Documents for this Property


  • Sale Comps $50K - $60K
  • Rental Comps $500 - $600
  • Property Type Residential
  • Location Detroit, MI
  • Size 1000 sq. ft.
  • Bedrooms 3
  • Bathrooms 1
  • TAV 10.2K
  • Annual Taxes $1,099
  • Year Built 1943

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