Cash Flowing Turnkey

Exclusive Turnkey Rental For Sale Rehabbed, Tenanted, And Property Managed

1307 Magnolia Dr, Inkster, MI 48141

$110,812 After Repair Value -
$72,200 Asking Price -
$0 Cost of Repairs =
$38,612 Potential Profit

Property Details

Asking Price $72,200

After Repair Value $110,812

Costs of Repairs $0

Potential Profit $38,612

Living Area 962 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 1

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $10,200

Yearly Expenses $1,520

Property Taxes $1,249

Net Operating Income $7,431

Cap Rate N/A

Property Description

This is a 3 bed, 1 bath located in Detroit suburb of Inkster is located directly west of Detroit. Comprised of mostly 2 and 3 bedroom homes Inkster is undergoing a transformation of youth. Young families are finding affordability with ease of access to downtown Detroit, Ford Manufacturing Facility and Detroit Wayne Metro Airport with a quiet suburban lifestyle. In 2016 the planning phase to connect the University of Michigan to Wayne County Airport and Downtown Detroit began. This project will include a light rail and main station in Inkster City drawing more families and development to the city. Property values are sure to rise quickly in Inkster. This place has been fully rehabbed with new 30 year roof, hot water heater and furnace to name a few. New electrical, plumbing, carpet, gutter system, kitchen cabinets and counter top.

Screened and leased **Section 8 Tenant **

Recently Sold Comps:
1343 Magnolia Dr, Inkster, MI - B bed, 1 bath 962 sqft - Sold: $71,830 on 04/03/2018
1246 Magnolia Dr, Inkster, MI - 3 beds 1 bath 1,000 sqft - Sold: $135,000 on 06/15/2017
1280 Woodland Dr, Inkster, MI - 3 beds 1 bath 1,034 sqft - Sold: $154,000 on 09/29/2017

CONTACT LISTING OWNER

Benjamin Strother

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