Turnkey Investment Opportunity
16574 Oakfield, Detroit MI 48235
Picture Slideshow: https://www.youtube.com/watch?v=FyMVZBjTOuk
Video Tour: https://www.youtube.com/watch?v=GISdFmV5K2w
Pictures: https://www.dropbox.com/sh/xhhnmp957ultnrg/x6mcuKthkW
ü Great Brick Colonial with 3 Bedrooms, 1 Bath and a Full Basement
ü No Work for you! Completely Remodeled and Tenanted for $850 per month to a Prescreened Section 8 Tenant with Professional Property Management
ü Located in Beautiful Subdivision on the West Side Detroit near Rosedale Park, one of the most sought after neighborhoods in Detroit
ü Easy access via M-39 & M-10 Expressway & Close to Wayne County Community College
ü Surrounded by Parks and Close to several Shopping Centers
Features:
§ Bedrooms: 3
§ Bathrooms: 1
§ Single Family: 1,189 sq. ft.
§ Lot Size: 10,018 sq. ft.
§ Year Built: 1940
§ Parking: 1 Car Garage
§ Exterior: Brick
§ New Furnace
§ New Water Heater
§ New PEX Plumbing
§ Refinished Hardwood Floors
§ New Carpet
§ Fresh Paint
Financial Details
Monthly Income
Rent: $850
Monthly Expenses
Taxes: $139.82
Insurance: $51
Property Management: $85
(Vacancy & Maintenance: $85)
Total Expenses: $275.82
(Total Expenses with Vacancy & Maintenance: $360)
Monthly Cash Flow
$574.18
($489 with Vacancy & Maintenance)
Annual Cash Flow
$6,890.16
($5,868 with Vacancy & Maintenance)
Price: $45,000
Return-on-Investment: 15.31%
(Return-on-Investment with Monthly Vacancy & Maintenance: 13.04%)
To reserve this property, please contact Ian Watts at iwatts@piersonandcompany.com or by calling 313-744-2003
