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Phone: 3035209143

Email: info@ukholdingsglobal.com

Property id(7192) is Reserved

Property id(7192) is Sold

Email: info@ukholdingsglobal.com

3035209143

1145 Magnolia Dr, Inkster, michigan 48141Download Brochure

Short Remarks

3 BED, 1 BATH HOME IN INKSTER MI

REHABBED FALL 2016 WITH NEW:

FURNACE
HOT WATER HEATER
CARPET
VINYL FLOORING IN KITCHEN AND BATH
INTERIOR TWO-TONE PAINT
BATHROOM VANITY
BLINDS
VINYL WINDOWS
LIGHT FIXTURES

TILE SHOWER SURROUND

UPDATED ELECTRICAL PANEL AND FIXTURES

FULL BASEMENT

Full Remarks

***The City of Detroit and the surrounding suburbs are going through a huge come back.  Multiple media outlets consistently rate Detroit in the top 10 best places to buy rental properties in the country.  With record low pricing, record increases in rent premiums, and a resurging and diversifying job market, the perfect opportunity to buy low price and high yield properties was created. This city and its surrounding suburbs are on their way back up with the help of Fortune 500 companies and the government. In May 2015 General Motors announced the investment of $1 billion into their Detroit area technology park.  This investment is expected to bring 2900 new jobs to the area.  In August of 2015 Amazon announced a new call center to be opened in Detroit with over 300 new jobs expected.  Values continue to rise as the investment world focuses attention on Detroit as a great area to buy and hold.  We have been investing in Detroit ever since the housing crisis and all we have seen is an increase in home prices and a higher demand for rental units throughout the years.  This is a great market and we believe it will only get better.

  • Purchase price :

    $60,800
BUY NOW
  • Property Details

  • Bedrooms:

    3
  • Baths:

    1
  • Sq FT:

    1,100
  • YEAR Built:

    1952
  • TYPE:

    Single Family
  • LOT SIZE:

    6,665
  • Cash Flow analysis

  • MONTHLY RENT PMT :

    $800
  • ANNUAL RENT :

    $9,600
  • Estimated* Hazard Insurance:

    $500
  • Estimated* Property Taxes:

    $1,450
  • Property Management Exp:

    $960
  • Annual Utilities Exp:

    $0

Estimated* Net Income:

$6,690

* These estimates are based on current information and projections and are not a guarantee of future income. All investments have risk. Additional or increased expenses and vacancies could effect your actual realized return on your real estate investment property.

Comps

Property Address Purchase Price Date Sold Type of Deal # of Beds # of Baths
26635 Florence, Inkster MI $70,800 11/3/17 Single Family 3 1
3434 Moore, Inskter MI $72,900 Single Family 3 1
4532 Isabelle, Inkster MI $74,350 7/19/17 Single Family 3 1