20 Homes Sfh Package*

Single-family home rental portfolio for sale containing (10) Detroit area tenanted properties. Some with Section 8 tenants.* 8304 Sussex St. Detroit, MI 48228 tenanted at $750 per month 7787 Stahelin Detroit, MI 48228 tenanted at $700 per month 19170 Gable St. Detroit, MI 48234 tenanted at $750* per month 8044 Penrod St. Detroit, MI 48228 tenanted at $775 per month 19176 Greeley Highland Park, MI 48203 tenanted at $650 per month 6416 Piedmont Detroit MI 48228 tenanted at $750* per month 8442 Greenview Ave. Detroit, MI 48228 to be tenanted at $875* per month 11643 Sussex St. Detroit, MI 48227 to be tenanted at $900 per month 7730 Montorse Detroit, MI 48228 to be tenanted at $875 per month 16214 Wormer Detroit, MI 48219 to be tenanted at $700 per month (+) Gross Rental Income: +$92,700 (-) Taxes: ($7,528) (-) Insurance: ($6,000) (-) Management 6%: ($5,562) (-) Maintenance 5%: ($4,635) (-) Vacancy 5%: ($4,635) = Net Income: $64,340 Asking Price: $400,000 Cap Rate: 16.5%