**16895 Mendota, Detroit MI * SOLD**

PROPERTY DESCRIPTION

With 1,300 soft of living space this classic two-story brick colonial is spacious and bright. Features a big fireplace and
arched transitions between room, adding to charm. All bedrooms are located on second level and share a generous full bath. A separate two car garage and partially finished basement offer tons of room for storage.

REHABILITATION

Completed in 2017 included full upgrade of plumbing and electrical, new roof, new hot water tank, furnace. Updated kitchen cabinets, new counter and sink. Entire house freshly painted and new doors throughout. Updated windows, new blinds, and new broadloom throughout.

1 YEAR ANALYSIS

Purchase Price: $60,000
Gross Income: $10,800
Property Taxes: -$1,764
Insurance: -$480
Management: -$1,080
Vacancy: -5% ($540)
Repairs/Maint.: -5% ($540)
NET ROI: 10.66%