DUPLEX has updated new electric, plumbing, furnace, windows, siding, drywall, patio and much more! Only $27 a Sqft! This property consist of two 1 Beds 1 bath and a half.
Duplex is located on an up and coming Detroit community! With property rented at $1,225 TOTAL!
Numbers make sense PURCHASE AND COLLECT!. Purchase at $61.5K with closing cost. 10% Maintenance ($1,470). $1000 in taxes and $1,200 insurance. $14,700 total year rent Minus $3,670 expenses leaves you at $11,030 (18% CAP) Property will be paid off in 6 years with yearly appreciation.
Check this article on how Detroit is changing and rebuilding! https://www.nytimes.com/interactive/2018/04/30/us/detroit-come-back-budget.html