*5 Turnkey Properties - 70% LTV *$386K* |
Turnkey rental property portfolio located in Michigan suburban neighborhoods. All properties offered are minimum 3 bedroom ? 1 bath, brick exterior, ranch/bungalow. All five have been renovated within the last year and have good paying tenants. Feel free to contact me to request further details. Don't miss out on this excellent investment opportunity.
Annually
Gross Income: $54,000
Taxes: $8565
Insurance: $3000
Net operating Income: $42,435 (before debt service, if any)
$386,000 investment (70% LTV)
$166,000 in equity
Return on money 11%
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| Type: |
Single Family Home |
| Listing Status: |
Sold |
| Price: |
386000 |
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| Benefits: |
Garage, Near School |
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