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2976 Cadillac, Detroit, Michigan, Wayne, 48214

2976 Cadillac, Detroit, Michigan, Wayne, 48214

Posted on Oodle - Over 4 weeks ago
Price:
$59,000
BR/BA:
4 BR, 2 BA
Property Type:
Single-Family Houses
Sq feet:
1,600 Sq. Feet
Location:
Los Angeles, CA
Amenities:
Wood Floors

Los Angeles Description

RENTED & POSITIVE CASHFLOW!!

Own this beautiful, brick, colonial, 2-story home built in 1911 with 4 bedrooms & 2 baths and over 1600 sq ft, that is CURRENTLY RENTED for $950 and has $358 in monthly positive cashflow, a 37% Cash-On-Cash return!

This will go fast!!! Don't give it a 2nd thought! Call 1st Thought NOW!!

This majestic property located on a quiet, tree-lined street in a solid middle class neighborhood is 4 blocks from the newly renovated Detroit Riverfront and new million dollar homes as well as continuous new development in the entire area and is continuing to climb in value.

All new, very high end rehab with 2-tone paint, hardwood floors on main floor and carpet in bedrooms, new electric, new plumbing, new kitchen, and many other upgrades!

Sale price is ONLY $59,000!!

Assignment fee is $10,000

Appraised value is $80,000

Currently rented for $950/month.

Don't miss out on this gem of a property! It will sell quickly!

Fill out the Buyers Form or call 323-337-4062 to more info!

Purchase Price = $59,000

Down Payment (20%) - $11,800

Loan Amount = $47,200

Appraised ARV = $80,000

Assignment Fee = $10,000

EQUITY = $32,800

Rented for $950 per month

Cash flow after expenses = $358/month

CASH ON CASH RETURN = 37%

For more information

Patricia A. Shabel

1st Thought Investments

www.1stthoughtinvestments.com

Professional Real Estate Investor/Consultant

c: 323-337-4062

f: 888-821-6548

P.O. Box 931313

Los Angeles, CA 90093-1313
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This Single-Family Home located at Los Angeles CA 90093 is currently for sale and was listed Over 4 weeks ago in Los Angeles, CA. See other Los Angeles Real Estate