15425 Sorrento

Detroit, MI 48227

Multi Unit Detroit, MI

$89900.00

15425 Sorrento , Detroit, MI 48227
Bed 2 Bath | 2052 Sq Ft | Built In
Summary

Financial Highlight

  • Income$1,450.00/mo
  • Cash Flow$269.00/mo
  • Estimated Cash to Close$22,475.00/yr

Features

  • 8.9% Cap Rate
  • C+ Class
  • 2 units
  • Both units currently tenant occupied
  • Proforma based on 30 year mortgage at 80% LTV
  • Turnkey

Monthly Expenses Breakdown

Total Expenses
$1,140.00
  • Mortgage $431.00
  • Insurance $75.00
  • One Rate Approx $334.00
  • Utilities $150.00
  • Taxes $150.00

Home365 Premium Ultimate Performance Guarantee plan

One flat rate that includes:

  • Full-Service Management
    Full-Service Management
  • Repairs & Maintenance Coverage
    Repairs & Maintenance Coverage
  • Tenant Coverage
    Tenant Coverage

Premium Ultimate Performance Guarantee Plan
This plan for investors who embrace risk elimination and prefer secured, predictable recurring return and passive investment experience.

Learn more

Notes

Property map

Contact us



    Contact Info

    Tyraa Caldwell
    GM and Chief Broker of Michigan Home365

    Mobile: 248-809-6980
    Email: tyraac@home365.co

    License: 650543152