2976 Cadillac, Detroit, MI 48214

Brick Colonial – 2 Stories

 

4 bedrooms 2 baths

• Beautiful Condition
• Recent High-End Rehab
• New everything
• Gets higher rents

 

Living area SF:  1,613

Basement area SF:  749

Lot size: 12,632

Year built  1911

 

Fireplace / Forced air / Gas heat

Detached 2 car garage

Rented for $950/month – Positive
Cashflow!

Tenant Occupied/Mgmt Company in place

 

4 bedrooms, 2 bathrooms

Purchase Price                    =  $69,000

Down Payment (20%)           
- $13,800

Loan Amount                        =  $55,200

Appraised ARV                    =  $80,000

EQUITY                                = $24,800

Rented for
$950 per month

Cash flow
after expenses    = $305/month

CASH ON
CASH RETURN = 27%

 

For more info:

Patricia Shabel

323-337-4062