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13.9% CAP rate, Just Close and Start Collecting rent!



$26,000

SOLD

2281 La Belle St

Detroit, MI

  • Brick House
  • Property is currently rented for $475 a month
  • Producing a CAP rate of
  • 13.9% CAP RATE:
    $3,616 NOI /$26,000 Purchase Price
  • Net Operating Income:
    $5,700 Gross Rental Income
    -$570 Management Cost (10%)
    -$840 Insurance ($70/mo)
    -$674 Annual Taxes
    $3,616 NOI

Documents

 
No Documents for this Property


  • Sale Comps $40K - $50K
  • Rental Comps $400 - $500
  • Property Type Residential
  • Location Detroit, MI
  • Size 816 sq. ft.
  • Bedrooms 2
  • Bathrooms 1
  • TAV 7.8K
  • Annual Taxes $674
  • Year Built 1929

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