5561 Lakepointe St, DETROIT MI 48224

Property Address

5561 Lakepointe St, DETROIT MI 48224

Fully renovated single family home in Detroit’s sought after Morningside!! Nice growth corridor of Detroit with a brand new Fiat Chrysler plant opening 2020 just a couple of miles away!
New Roof, New Carpet/Paint, Hardwood Floors, BRAND NEW Kitchen, 2 ALL New Bathrooms. Not a cent to spend for years!
Rental per month $850 and is a fantastic Investment Property with ROI of over 10% NETT – This is the Deal You Would Not Want to Miss!

NET ROI after Costs 14%

Property Details

House Size866 sq ft
Bedrooms:3
Bathrooms:2
BasementYes
Garage:Yes
Lot Size:4487sq ft
Rental Return:$850 USD per month
Return on Investment:10.3% after deductions
Est Market Value:$75,000 USD

Purchase Price: US$65,000