Nice property Cash on Cash Return: 36%

2010 Missouri Ave, Flint, MI 48506

$45,778 After Repair Value -
$21,300 Asking Price -
$500 Cost of Repairs =
$23,978 Potential Profit

Property Details

Asking Price $21,300

After Repair Value $45,778

Costs of Repairs $500

Potential Profit $23,978

Living Area 720 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

Two Bedrooms; One Bath; 720 Square FeetBuilt in 19321 Car Detached GarageRefrigeratorStoveRoof 5 Years OldNew Furnace 2 Months OldSome Hardwood Floors and Tile Bath FloorBuy & Hold Investment Strategy:Price $21,300 Punch Out/Rehab $ 500Closing Costs $ 1,300Monthly Rent $ 650Cash on Cash Return 37%Expenses/ MonthlyTaxes $530.00 AnnualUtilities Tenant PaysInsurance $35Monthly Net Profit Projection: $571.00

Repairs Needed

Some cosmetics...

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