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Purchase Price
Monthly Rent
Annual Rent
Taxes
Property Mgmt. Fee (10%)
Insurance
Cash Flow
Cash on Cash Return
Item # SA3502
$63,000.00
15735 Westbrook Street
Detroit, MI 48223



Property Details

Bedrooms 3
Bathrooms 2.00
Property Type Single Family Residence
Year Updated 2013
Year Built 1928
Sq. Feet 1400
Acres 0.25
Parcel # 2211015960
Elem. School Burt Elementary School
High School Cody High School
County Wayne
Taxes $ 1,532.45
Exterior Construction Frame
House Style Bungalow
Monthly Rent $ 875.00
RealQuest Value $ 59,000.00

Additional Information

DOUBLE DIGIT ROI, TENANT HAS LIVED IN THE HOUSE FOR OVER 10 YEARS, GUARANTEED CASH FLOW!!

Rental Agreement

The tenant has lived in the home for over 10 years and plans to be there for the rest of her life! It is leased through Section 8, which means you get a check from the government each and every month on the same day. It is rented for $875.00 a month. The tenant pays for all utilities. The tenant is also responsible for all day to day upkeep and maintenance of the property. We have a property management company in place. They are responsible for collecting rent and overseeing the property. Their monthly management fee is 10%. We can provide you with their contact info upon request.

Property Description

This property is free and clear of all encumbrances (such as known claims, court-attachments, adverse claims, disputed ownership, liens, nonpayment of a note secured by the property, pending judgments) and, therefore, has a clear and marketable title.


Property taxes, property fees,  and rent will be prorated to the buyer based on the purchase date of the property and the county specific proration procedures to which the property belongs.  Property taxes and other related bills, utilities, and fees associated with the property that are due after the purchase date of the property will be the responsibility of the buyer.

Descriptions are purely visual.

Disclaimer

All information derived from third party sources, including but not limited to property assessments, appraisals, and title reports, if any, is deemed reliable but not guaranteed. ALL BUYERS ARE DEEMED TO HAVE RELIED ENTIRELY ON THEIR OWN INFORMATION JUDGEMENTS AND INSPECTIONS OF THE PROPERTY IN MAKING THEIR DECISION TO PURCHASE THE PROPERTY. Pictures of the property contained herein may not be completely current and may not accurately reflect the condition of the property at any future date. Buyer should determine the condition of the property by physical inspection prior to purchase.

Buyer acknowledges and verifies that Buyer has carried out the necessary due diligence to purchase the property.

For a complete statement of the terms and conditions of any purchase of the property, please review a copy of our standard Real Estate Purchase Contract.

What do I get?

The above photos are of the actual property you are purchasing, and the price shown is the price you pay to buy the entire property. You are not bidding on or offering to buy a lien or certificate for this home, you are buying the entire property for the purchase price listed.