16838 BRINGARD Drive

16838 BRINGARD Drive

Detroit, Michigan 48205

3 Beds | 1.00 Baths | 1150 sq.ft. | Built 1946 | Residential

Sold $48,000

15% Cap Rate! Rented at $900 a month. Beautiful, 3 Bed, 1 Bath, renovated colonial home located on a desirable street in Northeast Detroit. Brand new kitchen cabinets, granite counter tops, tile back splash, ceramic floors, updated hardwood floors, sliding glass door to deck. Large, backyard. Updated bathroom. Newer windows. New furnace/hot water tank. This is a solid investment. Will not last long. Financial breakdown: $900 a month rent ($10,800 annual), $68.50 a month insurance ($822 annual), $90 a month management fee ($980 annual), $1,100 annual property taxes, $600 annual maintenance estimated. Total net income: $7,298. NOTE: Photos were taken prior to tenant moving in.

Essential Information

MLS#218087974 | Neighborhood: TERNES SUPERHIGHWAY (PLATS) | School District: Detroit | County: Wayne

Property Features

Architecture: 2 Story | Heating: Forced Air | #Garage/Parking Spaces: No Garage | Sewer: Sewer-Sanitary | Directions: Take 8 Mile to Kelly, then to Bringard

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