**16600 Mansfield, Detroit MI * SOLD**

PROPERTY DESCRIPTION

A charming little bungalow with gleaming hardwood floors and a spotless new shaker kitchen make for cozy and updated living. Living room with fireplace, and cool archways between principal rooms. A dramatic vintage three piece bath with two bedrooms round off the first floor. Awesome bonus loft with full bath makes for a perfect extra suite. An adorable property.

REHABILITATION

Completed in 2017 included full upgrade of plumbing and electrical, new roof, new hot water tank, furnace and a/c. Updated kitchen cabinets and tile, new sink, counter and backsplash. Hardwood floors repaired and refinished, fresh paint and new doors throughout. Updated windows, new blinds, and new broadloom throughout.

1 YEAR ANALYSIS

Purchase Price: $59,000
Gross Income: $10,500
Property Taxes: -$1,860
Insurance: -$480
Management: -$1,050
Vacancy: -5% ($525)
Repairs/Maint.: -5% ($525)
NET ROI: 10.27%