Single Family Home - 7374 Piedmont St., Detroit (Warrendale), Michigan, Wayne, 48228
Rented & Cashflowing!! Will not last!
Brick Bungalow – 2 Stories
3 bedrooms 1 bath
Living area SF: 928
Basement area SF: 910
Lot size: 5,200
Year built 1947
Fireplace
Forced air / Gas heat
Detached 2 car garage
lRented – Tenant Occupied to Long Time Good Tenant!
Property Management Company in place
Purchase Price = $39,000
Down Payment (20%) - $ 7,800
Loan Amount = $31,200
Appraised ARV = $90,000
Assignment Fee = $10,000
EQUITY = $58,800
Rents for $700 per month (can be raised $100 in 60 days)
Cash flow after expenses = $139/month ($239 in 60 days)
CASH ON CASH RETURN= 20% (35% in 60 days)
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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