18452 Appoline, Detroit MI

PROPERTY DESCRIPTION

A pretty and brights two-story single family colonial style home sitting on a generous lot . Home boasts 3 bedrooms good sized and 1 main 2nd floor bath and one main floor powder room. Living room features a wood burning fireplace. The home has a single car port and 1.5 detached garage in the back yard. Basement is partially finished.

REHABILITATION

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

1 YEAR ANALYSIS

Purchase Price: $59,000
Gross Income: $10,800
Property Taxes: -$1,3200
Insurance: -$480
Management: -$1,080
Vacancy: -5% ($540)
Repairs/Maint.: -5% ($540)
NET ROI: 11.5%