17358 Prest, Detroit MI    *    SOLD

 
 

PROPERTY DESCRIPTION

A cute brick bungalow with bonus loft featuring a covered porch, deck in the backyard and a detached two car garage.  Nice curb appeal, with lots of shrubs and trees.  First floor features include a fireplace in the living room, three good sized bedrooms and a full bath.  Upstairs loft is large and bright. A large partially finished basement is perfect for games and storage.

REHABILITATION

Completed in 2017 included full upgrade of plumbing and electrical, new roof, new hot water tank, furnace and a/c. Hardwood floors repaired and refinished, fresh paint and new doors throughout.  Updated windows, new blinds, and new broadloom throughout. 

 
 

1 YEAR ANALYSIS

Purchase Price: $58,000
Gross Income:  $10,200
Property Taxes:  -$1,344
Insurance:  -$444
Management:  -$1,020
Vacancy:  -5% ($510)
Repairs/Maint:  -5% ($510)
NET ROI:  10.99%

NOTABLES

3 Bedrooms
1 Bathroom
886 sqft living
5,227 sqft lot