Off-Market Property at 15651 E Seven Mile E, Detroit, MI 48205
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15651 E Seven Mile E, Detroit, MI 48205

$71,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $126 per day and long-term for an average of $1,125 per month, based on similar listings in the area. Estimated short-term cap rate of 22.6%. Estimated long-term cap rate of 10.2%. HOMEOWNERSHIP AWAITS. This bi-level attached duplex has a hardwood floors, updated kitchen & bath, stainless steel appliances, and new light fixtures throughout. There is additional family space in the insulated den to entertain. This is a brick duplex that has been renovated from the main floor to the roof as a community development project. The buyer has to meet the Average Median Income for Wayne county. All measurement and information must be verified by buyer agent. Licensed agent showings only Preferred agents that works with MSHDA funded property. Both Duplexes are available sold separately

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1737
Bedrooms
2
Bathrooms
1
SQFT
1,114
Furnished
N/A
Year built
1943
Listing Status
Off Market
MLS
81024048983

Short-term Rental Potential
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$22,308

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$63

Price/SQFT

Long-term Rental Potential
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$13,500

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,125/mo

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