http://toronto.kijiji.ca/c-housing-...erty-for-sale-2628-Pingree-W0QQAdIdZ254297933
Investment Property for Sale: $32,000 : 2628 Pingree Street, Detroit MI 48205
Deyor Investments - Safe and Affordable Real Estate Investing
Jonathan Taylor Baird
Tel: 647 883-6448 Fax: 647 427-5301 Email: deyors@gmail.com
Description: Detached Duplex, 2 Apartments (3 Bedrooms Each)
Lot: 110’ x 32’ (approx)
Taxes: 2009, $2,240
Taxes Due: $984 + $2,242 = $3,226 (approx)
Rooms: 14+
Kitchens: 2
Bedrooms : 6+
Family Rooms: 2
Washrooms: 2
Basement: Unfinished
Heating: Gas
Approx Sq Ft: 3520
Approx Age: 30 years
Parking: 4+ (Garage)
Property Potential
Income property - Tax write-off - Long-hold equity - Lease-to-own - Personal residence
Financing/Property Cash Flow Potential (all figures are approximate)
$32,00 Purchase Price + $3,300 Back Taxes + $500 Closing costs + $10,000 Renovations
= $45,800 Total Investment
$1100 Monthly Rent
(-$380) Taxes/maintenance
$720 Net Monthly Income
$8,640 Annualized income
5.3 Years = 100% R.O.I.
$720 Monthly passive income
VTB option: 2.8% (1 year term) with 68% DP of $21,760.00
Remarks:
Where there is a problem there is a profit; invest now while the US market is still affordable
2628 Pingree St. makes a great rental income property for those interested in a low-cost Buy/Fix/Hold Investment.
Under 4.5 Miles from GM plant
Investment Property for Sale: $32,000 : 2628 Pingree Street, Detroit MI 48205
Deyor Investments - Safe and Affordable Real Estate Investing
Jonathan Taylor Baird
Tel: 647 883-6448 Fax: 647 427-5301 Email: deyors@gmail.com
Description: Detached Duplex, 2 Apartments (3 Bedrooms Each)
Lot: 110’ x 32’ (approx)
Taxes: 2009, $2,240
Taxes Due: $984 + $2,242 = $3,226 (approx)
Rooms: 14+
Kitchens: 2
Bedrooms : 6+
Family Rooms: 2
Washrooms: 2
Basement: Unfinished
Heating: Gas
Approx Sq Ft: 3520
Approx Age: 30 years
Parking: 4+ (Garage)
Property Potential
Income property - Tax write-off - Long-hold equity - Lease-to-own - Personal residence
Financing/Property Cash Flow Potential (all figures are approximate)
$32,00 Purchase Price + $3,300 Back Taxes + $500 Closing costs + $10,000 Renovations
= $45,800 Total Investment
$1100 Monthly Rent
(-$380) Taxes/maintenance
$720 Net Monthly Income
$8,640 Annualized income
5.3 Years = 100% R.O.I.
$720 Monthly passive income
VTB option: 2.8% (1 year term) with 68% DP of $21,760.00
Remarks:
Where there is a problem there is a profit; invest now while the US market is still affordable
2628 Pingree St. makes a great rental income property for those interested in a low-cost Buy/Fix/Hold Investment.
Under 4.5 Miles from GM plant
