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Detroit, MI 48228 🏘️ RENTAL PP $89,000 / 17% Yearly Cash On Cash πŸ’΅

Price
$89,000
Est. Resale Value
$130,000
7702 Memorial Ave, Detroit, MI 48228, USA, ,

Overview

  • 3 Bedrooms
  • 1 Bathrooms
  • 1,084 ft
  • Year Built: 1948

Description

πŸ’₯β†’ATTENTION INVESTORS←πŸ’₯
Detroit, MI 48228 🏘️
πŸ’₯Turnkey Detroit Rental Property

Purchase Price $89,000

Market Value: $125,000-$135,000

Average Rent Once Occupied: $1300-$1400

🏑 Property Details ( Pictures πŸ–ΌοΈ ← )
3 Beds
1 Bath
1084 sqft
Built-in 1948
Single-family house
Parking Features: Garage – Attached
Roof: Asphalt
EMD: $2000
COE: 03/07/24
Escrow: Epic Title Michigan

β†’ EXIT STRATEGY
LONG TERM RENTAL or Section 8 / BUY & HOLD
17% Yearly Cash On Cash πŸ’΅
Market Value: $125,000-$135,000
Average Rent Once Occupied: $1300-$1400

🌾 β†’ COMPS
7324 Forrer St Detroit, MI 48228
Sold 01/12/24: $125,000
7345 Ternes St Dearborn, MI 48126
Sold: 11/09/23 $135,000
6897 Rosemont Detroit, MI 48228
Sold 09/20/23: $120,000

Address: 7702 Memorial Ave, Detroit, MI 48228, USA
City:
County:
State:
Zip: 48228
Country: United States
Open In Google Maps
Property Id : 72095
Price: $ 89,000
Property Size: 1,084 ft
Bedrooms: 3
Bathrooms: 1
ARV: $130,000
Property Type: Single-Family
Parking: Attached Garage
Year Built: 1948
Lot Size: 0.13 acres

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