**17592 Santa Barabara, Detroit MI * SOLD**

PROPERTY DESCRIPTION

Note: Images take pre final clean up/ touch up painting. A big four bedroom colonial with a welcoming front porch. Generous sized bedrooms and lots of main floor living space. Powder room on main floor for added convenience, big partially finished basement for extra storage (basement has it’s own powder room as well adding an extrahalf bath). Front yard is clean and ready for some pretty landscaping. Sizable backyard as well.

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 some new doors added. Updated windows, new blinds.

1 YEAR ANALYSIS

Purchase Price: $65,000
Gross Income: $12,000
Property Taxes: -$1,860
Insurance: -$480
Management: -$1,200
Vacancy: -5% ($600)
Repairs/Maint.: -5% ($600)
NET ROI: 11.17%