5590 Devonshire Road Detroit

42,500

ARV - 80,000 - 85,000

5 Bed 1 Bath

5590 Devonshire Rd Detroit,MI 48224 | Cashflowpositive.com

5590 Devonshire Rd

Detroit, MI 48227

About the property:

  • Grand Cape-Cod Style Brick Morningside Neighborhood with newer Roof
  • 5 Bedrooms
  • Surrounded by well maintained Brick homes in a family friendly rental neighborhood
  • Price : $ 42,500 USD (Wholesale Deal)
  • Very nice street appeal
  • Zip - 48224
  • Expected Rent: $ 925/pm ($11,100 pa)
  • Property can be marketed at 950 - 1000 pm Rent as some larger families prefer more rooms and are willing to pay a premium
  • Rent ready Cosmetic and Functional Rehab $8500 (We can help select contractors and project manage to completion
  • or you can use your own crew if you have a team)
  • After Rehab Value (ARV): $80k - 85K
  • This property features 1,520 sq ft of living space
  • 5 Bed, 1 Full Bath,
  • 17 mins. to Downtown Detroit
  • Fully surrounded by well maintained brick homes
  • Property will be vacant at closing
  • GREAT BUY & A SECURE INVESTMENT OPPORTUNITY.
  • The seller has paid all Back Taxes, so this property is being Sold with a Warranty Deed and Title insurance.

 

Buyer will receive a Clear Title - Warranty Deed backed by Title Insurance.

Property will be Professionally managed by a leading Property management company.

PROJECTED CASHFLOW REPORT

5590 Devonshire Rd Detroit,MI 48224 | Cashflowpositive.com
5590 Devonshire Rd Detroit,MI 48224 | Cashflowpositive.com
5590 Devonshire Rd Detroit,MI 48224 | Cashflowpositive.com
5590 Devonshire Rd Detroit,MI 48224 | Cashflowpositive.com
5590 Devonshire Rd Detroit,MI 48224 | Cashflowpositive.com

Qtr Mile Retail Comparable Sales

5590 Devonshire Rd Detroit,MI 48224 | Cashflowpositive.com

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5590 Devonshire Rd Detroit,MI 48224 | Cashflowpositive.com
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