Updated: Oct 28, 2020
Single Family Real Estate Investment Portfolio
Properties can be purchased individually or as a package
All of these properties are Section 8 approved. GUARANTEED RENT. Located in strong rental area within the City Of Detroit and Wayne County. All titles to be conveyed via warranty deed. This will be a first come, first served situation, so please make your first offer your best offer!
CLICK HERE FOR PHOTOS:
CLICK HERE TO SEE SPREADSHEET & INDIVIDUAL PRICES:
LET'S LOOK AT THE NUMBERS:
Gross Monthly Rental Income: $55,960
Avg. Single Family Monthly Rental Income: $670/unit
Gross Annual Rental Income: $671,520
Estimated Taxes: $96,250/year avg.
Repairs & Maintenance: 10%
Occupancy Rate: 100%
Net Rental Income: $534,694
Cap Rate: 15%
"We make your real estate investing process so easy"
PROMISE LAND REALTY, LLC