**16252 Ilene, Detroit MI * SOLD**

PROPERTY DESCRIPTION

A house that just has that "feel good" appeal when you walk in the door. Cute time-period details provide lots of charm. With unique archways and net built-ins, this home is a 1920s classic with generous bedrooms and a large main bath. Nice curb appeal and many large windows to let in plenty of light.

REHABILITATION

Completed in 2017 included upgrade of plumbing and electrical, new roof, new hot water tank and furnace. Hardwood floors repaired and refinished, fresh paint throughout. Updated windows and new blinds help to insulate the home and give it an up-to-date feel.

1 YEAR ANALYSIS

Purchase Price: $65,000
Gross Income: $11,400
Property Taxes: -$1,524
Insurance: -$540
Management: -$1,080
Vacancy: -5% ($600)
Repairs/Maint.: -5% ($600)
NET ROI: 10.86%