**16652 Mendota, Detroit MI * SOLD**

PROPERTY DESCRIPTION

Dormer windows on this quaint colonial give it added curb appeal and pour light in the bonus loft. Lots of great features and upgrades make this home feel new. Fully updated kitchen and bath from top to ceiling. Fresh tiled floors, new cabinets, the works. The living room features a stately fireplace. Partially finished basement provides lots of room for storage.

REHABILITATION

Completed in 2017 included upgrade of plumbing and electrical, new roof, new hot water tank and furnace. Brand new doors and hardware throughout, fresh paint throughout. Updated windows and new blinds help to insulate the home and give it an up-to-date feel. Decorator pallet.

1 YEAR ANALYSIS

Purchase Price: $60,000
Gross Income: $10,800
Property Taxes: -$1,380
Insurance: -$480
Management: -$1,080
Vacancy: -5% ($540)
Repairs/Maint.: -5% ($540)
NET ROI: 11.30%