16924 Santa Rosa Dr. DETROIT MI 48221

Property Address

16924 Santa Rosa Dr. DETROIT MI 48221

Great investment opportunity in an excellent area of Detroit – Fitzgerald with the city spending millions to revitalise the area. Close to University district and Bagley, extremely sought after area. Option to convert back to large SFR or keep as triplex rental. Rental return could be over $2000 per month and low mantenance for the next few years due to full rehab.

2 x 1 bedroom units upstairs with 1 x 3 bedroom unit downstairs currently. Renovation estimates are coming in well under $45,000 and with Market value after repair over US$155,000 estimated flip return or equity if holding is over 35%!

NET ROI after Costs 17.7%

Property Details

House Size2640 sq ft
Bedrooms:2 x 1BR; 1 x 3BR
Bathrooms:3 (1 each)
Lot Size:4138 sq ft
Rental Return:$2,400 USD per month
Return on Investment:17.7% after deductions
Est Market Value:$155,000 USD

Purchase Price: US$69,000