PROPERTIES AVAILABLE
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
PROPERTIES SOLD
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%
10592 Somerset Ave Detroit MI 48224
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Property Cost: $80,000
Rehab: $15,000
Total Investment: $95,000
After Repair Value (ARV): $120,000
Loan Secured (75% of ARV): $90,000
Cash Left in the Deal: Only $5,000!
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Monthly Rent: $1,200
Monthly Net Cash Flow: $145
Annual Net Cash Flow: $1,740
Annual ROI: A whopping 34.80%
Equity Captured at Purchase: $25,000
Annual Cash-on-Cash Return: 34.80%