15847 Fairmount Drive

 

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Detroit • Section 8 Bungalow

 

15874 Fairmount Drive, Detroit, MI 48205

Government backed Section 8 rental income.

Sales Price $29,900
Rent (monthly) $650
Gross Rent (annual) $7,800
Taxes (annual) $1,263
Insurance (annual) $900
Property Management (annual) $780
Net Operating Income (annual) $4,857
Cash on Cash ROI 16.2%
Annual Appreciation 12.2%
Total Return (income + appreciation) 28.4%
Occupancy Rented and Performing
Units Single Family Home
Bedrooms 3
Bathrooms 1
Size 1080 Sq Ft
Lot Size 4,620 Sq Ft
Zip Code 48205
Neighbourhood Regent Park
Foundation Basement
Parking 2 & 1/2 Car Garage

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Guaranteed Rental Income Program

IPS Realty is proud to offer the industry exclusive Guaranteed Rental Income Protection on this curated, in house brokerage owned property. Our Guarantee is that as long as you have your property under our guaranteed property management program, if your investment property goes vacant for 30 days, we will pay the rent. No deductible.