10636, Detroit
Purchase Price: $35k
Rehab Cost: $11k
After Repair Value: $100k
Equity: $54k
Rents For: $900/mo
Nestled between tall trees, this quaint 3 bedroom 1 bath home is ideal for a young couple or small family. It's impossible to not notice the fantastic view one gets from the Great Room of this Colonial. It took only $11k worth of repairs to get this beauty back where it belongs. The new Pergo floors gleam all day due to the great natural sunlight on this property. Completely remodeled upstairs loft space, with arched ceilings and a good sized closet. Don't let the square footage fool you, as the basement adds additional space great for storage. This home makes a perfect rental both for the investor and the tenant, because frankly, what tenant would want to leave and what investor wouldn't love that kind of security (not to mention cash flow due to the $900/month the property commands)! -
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