PROPERTIES AVAILABLE
20308 Ferguson St., Detroit, MI 48235
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Property Cost: $50,000
Rehab: $25,000
Total Cost: $75,000
After Repair Value: $95,000
Loan Amount (75% of ARV): $71,250
Cash Remaining in the Deal: $3,750
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Rent Amount (Current Rent): $1,000
Property Management: $100
Estimated Tax: $94
Estimated Insurance: $89
Maintenance Reserve (10%): $100
Monthly Mortgage Payment (7% interest): $423
Monthly Net Cash Flow: $194
Annual Net Cash Flow: $2,328
Equity Captured at Purchase: $20,000
Annual Cash-on-Cash Return: 62.08%
13216 Terry St., Detroit, MI 48227
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Property Cost: $85,000
Rehab: $10,000
Total Cost: $95,000
Property Value: $120,000
Loan Amount (75% of ARV): $90,000
Cash Remaining in the Deal: $5,000
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Rent Amount (Current Rent): $1,300
Property Management: $130
Estimated Tax: $118
Estimated Insurance: $109
Maintenance Reserve (10%): $130
Monthly Mortgage Payment (7% interest): $587
Monthly Net Cash Flow: $226
Annual Net Cash Flow: $2,712
Equity Captured at Purchase: $25,000
Annual Cash-on-Cash Return: 51.24%
19366 Teppert, Detroit, MI 48234
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Property Cost: $75,000
Rehab: $0
Total Cost: $75,000
Property Value: $100,000
Loan Amount (75% of ARV): $75,000
Cash Remaining in the Deal (+ closing costs): $5,000
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Rent Amount (Current Rent): $1,200
Property Management: $120
Estimated Tax: $99
Estimated Insurance:* $95
Maintenance Reserve (10%): $120
Monthly Mortgage Payment (7% interest): $442
Monthly Net Cash Flow: $324
Annual Net Cash Flow: $3,888
Equity Captured at Purchase: $25,000
Annual Cash-on-Cash Return: 77.76%
PROPERTIES SOLD
3978 Lillibridge, Detroit, MI 48214
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Purchase Price: $58,000
Rehab (estimate): $45,000.00
Total Cost: $103,000
Estimated After Rehab Value (ARV): $130,000
Potential Equity Gain: $27,000
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Loan Amount (75% or ARV): $97,500
Cash Remaining in Deal: $5,500
Rent Amount: $1,200
Property Management: $120
Estimated Tax: $108
Estimated Insurance: $75
Maintenance Reserve: (10%): $120
Mortgage Payment: $495
Monthly Net Cash Flow: $282
Annual Net Cash Flow: $3,384
Equity Captured at Purchase: $27,000
Annual Cash-on-Cash Return: 61.53%
3477 Eastern Pl., Detroit, MI 48208
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Purchase Price: $35,000
Rehab: $45,000
Total Cost: $80,000
Estimated After Rehab Value (ARV): $105,000
Potential Equity Gain (minus closing costs): $25,000
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Loan Amount (75% of ARV): $78,750
Cash Remaining in the Deal: $1,250
Rent Amount: $1,200
Property Management: $120
Estimated Tax: $150
Estimated Insurance: $75
Maintenance Reserve (10%): $120
Monthly Mortgage Payment (6% interest): $498
Monthly Net Cash Flow: $237
Annual Net Cash Flow: $2,844
Equity Captured at Purchase: $25,000
Annual Cash-on-Cash Return: 227.52%
10592 Somerset Ave Detroit MI 48224
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Property Cost: $160,000
Rehab: $100,000
Total Cost: $260,000
Estimated After Rehab Value (ARV): $310,000
Estimated Equity Gain: $50,000
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Rent Amount (Current Rent): $2,100
Property Management: $210
Estimated Tax: $410
Estimated Insurance: $210
Maintenance Reserve (10%): $210
Monthly Net Cash Flow: $1,060
Annual Net Cash Flow: $12,720
Equity Captured at Purchase: $50,000
Annual Cash-on-Cash Return: 4.89%
16197 Coyle St, Detroit MI 48235
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Purchase Price: $120,000
Renovation Cost: NO RENOVATION NEEDED!
Total Investment: $120,000
Loan Amount (75% of ARV): $90,000
Cash Left in the Deal: $120,000
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Rent Amount: $1,300/Month
Property Management: $130
Est. Tax: $110
Est. Insurance: $90
Maintenance Reserve: $130
Mortgage Payment: $495
Monthly Net Cashflow: $345
Annual Cash-on-Cash Return: 13.80%
2909 Calvert Ave, Detroit MI, 48206
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Normal Rehab Budget: $30,000 - $40,000
Extreme Rehab Budget: $70,000
After Repair Value (ARV): $200,000
Comps in the neighborhood have sold for: $205,000 - $225,000
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Rent Per Side (Normal): $1,000
Possible Rent Per Side Based on Comps in Area: $1,100
Equity Captured at Purchase: $55,000
18831 Charest St, Detroit, MI 48234
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Purchase Price: $100,000
Renovation Cost: $10,000
Total Investment: $110,000
After Repair Value (ARV): $135,000
Loan Amount (75% of ARV): $101,250
Cash Left in the Deal: Just $8,750
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Monthly Rent: $1,200
Property Management: $120
Estimated Property Taxes: $175
Estimated Insurance: $80
Maintenance Reserve (10%): $120
Monthly Mortgage Payment (7% Interest): $585
Net Monthly Cash Flow: $120
Annual Cash Flow: $1,440
Equity Captured at Purchase: $25,000
Annual Cash-on-Cash Return: 16.46%
9660 Abington Ave, Detroit, MI 48227
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Purchase Price: $68,000
Rehab Cost: $20,000
Total Investment: $88,000
After Repair Value (ARV): $113,000
Loan Amount (75% of ARV): $84,750
Cash Remaining in the Deal: Just $3,250
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Rent (Monthly): $1,100
Monthly Net Cash Flow: $75
Annual Net Cash Flow: $900
Equity Captured at Purchase: $25,000
Annual Cash-on-Cash Return: 27.69%
5555 Neff Ave., Detroit, MI 48224
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Purchase Price: $75,000
Renovation Cost: NO RENOVATION NEEDED!
Total Investment: $75,000
ARV: $85,000
Loan Amount (75% of ARV): $63,750
Cash Left in the Deal: $11,250
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Rent Amount: $1,100/Month
Property Management: $110
Est. Tax: $105
Est. Insurance: $90
Maintenance Reserve: $110
Mortgage Payment: $450
Monthly Net Cashflow: $235
Annual Net Cashflow: $2820
Equity Captured at Purchase: $10,000
Annual Cash-on-Cash Return: 25.07%
16609 Mansfield St., Detroit, MI 48235
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Property Cost: $85,000
Rehab: $30,000
Total Investment: $115,000
After Repair Value (ARV): $140,000
Loan Secured (75% of ARV): $105,000
Cash Left in the Deal: $10,000
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Monthly Rent: $1,350
Property Management: $135
Estimated Property Taxes: $139
Estimated Insurance: $105
Maintenance Reserve (10%): $135
Monthly Mortgage Payment (7% Interest): $509
Net Monthly Cash Flow: $327
Annual Cash Flow: $3,924
Equity Captured at Purchase: $25,000
Annual Cash-on-Cash Return: 39.24%
12400 Landsdowne, Detroit, MI 48224
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Purchase Price: $87,000
Rehab Cost: $7,000
Total Investment: $94,000
After Repair Value (ARV): $120,000
Loan Amount (75% of ARV): $90,000
Cash Remaining in the Deal: Just $4,000
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Monthly Rent: $1,250
Property Management: $125
Estimated Property Taxes: $121
Estimated Insurance: $95
Maintenance Reserve (10%): $125
Monthly Mortgage Payment (7% Interest): $495
Net Monthly Cash Flow: $289
Annual Cash Flow: $3,468
Equity Captured at Purchase: $26,000
Annual Cash-on-Cash Return: 86.70%
15600 Fordham St., Detroit, MI 48205
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Purchase Price: $75,000
Renovation Cost: $5,000
Total Investment: $80,000
After Repair Value (ARV): $95,000
Loan Amount (75% of ARV): $71,250
Cash Left in the Deal: Just $8,750
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Monthly Rent: $1,100
Property Management: $110
Estimated Property Taxes: $109
Estimated Insurance: $94
Maintenance Reserve (10%): $110
Monthly Mortgage Payment (7% Interest): $459
Net Monthly Cash Flow: $218
Annual Cash Flow: $2,616
Equity Captured at Purchase: $15,000
Annual Cash-on-Cash Return: 29.90%