Rent Ready Special!!
2 Family Flat (2 Units) consisting of 3 bedroom / 1 bath units that will
cashflow $700/month each unit with a 45% Cash-on-Cash return!
2-story, brick, in a
middle-class neighborhood, tree-lined street, 1/2 block from Grosse Pointe,
which is one of the most affluent areas in the country.
Property is newly rehabbed with fabulous, high end upgrades and top
quality workmanship with new electric, new plumbing, new paint, two new
kitchens, new hardwood floors, new carpet in the bedrooms, and lots of
beautiful finishing touches! Property management is in place to rent
it out and has renters waiting! You may even receive the property WITH
renters, if you'd like!
Hurry! It won't last!!
Purchase
Price =
$89,000
Down Payment
(20%)
= $17,800
Loan
Amount =
$71,200
Appraised
ARV
= $110,000
EQUITY = $38,800
Rents for $1,400 per month ($700/unit)
Cash flow after
expenses =
$500/month
CASH ON CASH
RETURN = 35%
Contact:
Patricia Shabel
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