Tuesday, 21 May 2013

Detroit Real Estate Investment Opportunity 16574 Oakfield, Detroit MI 48235


Turnkey Investment Opportunity


16574 Oakfield, Detroit MI 48235

Picture Slideshow: https://www.youtube.com/watch?v=FyMVZBjTOuk


Video Tour: https://www.youtube.com/watch?v=GISdFmV5K2w


Pictures:  https://www.dropbox.com/sh/xhhnmp957ultnrg/x6mcuKthkW


ü       Great Brick Colonial with 3 Bedrooms, 1 Bath and a Full Basement

ü       No Work for you! Completely Remodeled and Tenanted for $850 per month to a Prescreened Section 8 Tenant with Professional Property Management

ü       Located in Beautiful Subdivision on the West Side Detroit near Rosedale Park, one of the most sought after neighborhoods in Detroit

ü       Easy access via M-39 & M-10 Expressway & Close to Wayne County Community College

ü       Surrounded by Parks and Close to several Shopping Centers



§         Bedrooms: 3 

§         Bathrooms: 1

§         Single Family: 1,189 sq. ft.

§         Lot Size: 10,018 sq. ft.

§         Year Built: 1940

§         Parking: 1 Car Garage

§         Exterior: Brick

§         New Furnace

§         New Water Heater

§         New PEX Plumbing

§         Refinished Hardwood Floors

§         New Carpet

§         Fresh Paint


Financial Details


Monthly Income

Rent: $850


Monthly Expenses

Taxes: $139.82

Insurance: $51

Property Management: $85

(Vacancy & Maintenance: $85)


Total Expenses: $275.82

(Total Expenses with Vacancy & Maintenance: $360)


Monthly Cash Flow


($489 with Vacancy & Maintenance)


Annual Cash Flow


($5,868 with Vacancy & Maintenance)


Price: $45,000


Return-on-Investment: 15.31%

(Return-on-Investment with Monthly Vacancy & Maintenance: 13.04%)





To reserve this property, please contact Ian Watts at iwatts@piersonandcompany.com or by calling 313-744-2003


1 comment:

  1. We must be productive as an Real Estate Agent to find more ways on how you can help your business. Share what you have learned in your experience in Real Estate Investments. Make sure that you can help others with what you have. Give them tips that will be effective in their way to success.

    Real Estate Investment in Australia