Saturday, November 15, 2008

18304 Ashton , Detroit, Michigan, Wayne, 48219



Single Family Home - 18304 Ashton , Detroit, Michigan, Wayne, 48219

Rent Ready! Such a Deal!
Property Management Has Renters Waiting! Don't Wait!


Brick/Aluminum Bungalow

1 1/2 stories

3 bedroom/1 bath
Living area SF: 1137

Lot Size: 35 X 119

Year built 1946

Forced Air

Gas heat

Taxes approximately $2,267

Potential rent in area $850-$900/mth

Beautiful Middle Class, Tree-Lined Street Neighborhood

Purchase Price = $45,000

Assignment Fee = $10,000

Rehab Cost = $ 2,000 (will give seller's concession)

All In Costs = $55,000

Appraised ARV = $115,000

EQUITY = $53,000

Can rent for $850 - $950 per month

Cash flow after expenses = $250+/month

For inquiries, please call:

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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