18946 Beland, Detroit, MI

You found me, and you already know I'm about to strengthen your portfolio. I'm 18946 Beland Street, a solid brick 2 bedroom home with the kind of updates true investors like you love because they translate directly into fewer headaches and stronger returns. I come with newer luxury vinyl flooring, newer interior paint, an updated kitchen with newer cabinets, an updated bathroom, central air, a newer roof, a one car garage, a fully fenced backyard, a large covered porch, and a partially finished basement that gives you bonus usable space without extra capital expenditure. My layout is efficient, my systems are upgraded, and my curb appeal is your value add. Here's what you're about to make with me. Rental comps in my area support about $1,250 per month, giving you roughly $15,000 in annual gross income. On a $50K acquisition, that puts you at a 30 percent gross yield. Even after standard operating expenses, you are realistically looking at a net cash on cash return in the 20 to 25 … read more …