**17394 Mendota, Detroit MI * SOLD**

PROPERTY DESCRIPTION

Charming and bright bungalow on a pleasant street. Gleaming newly refinished hardwood floors, fresh new white shaker kitchen cabinets, all updated windows and freshly painted making this vintage home feel new. A spacious bonus loft provides an extra bedroom. Extra wide driveway behind home allows for extra parking, cute greenspace and nice set back from street.

REHABILITATION

Completed in 2017 included upgrade of plumbing and electrical, new roof, new hot water tank and furnace. Refinished hardwood floors and new broadloom. Fresh paint throughout. Updated windows and new blinds help to insulate the home and give it an up-to-date feel. Decorator pallet.

1 YEAR ANALYSIS

Purchase Price: $60,000
Gross Income: $10,800
Property Taxes: -$1,680
Insurance: -$480
Management: -$1,080
Vacancy: -5% ($540)
Repairs/Maint.: -5% ($540)
NET ROI: 10.80%