**18314 Warwick, Detroit MI * SOLD**

PROPERTY DESCRIPTION

A well laid out three bedroom bungalow, tidy as a pin. and thoughtfully updated. Big windows allow for lots of natural light, nicely set back from the street. Brand new shaker style white kitchen, crisp and fresh, with new tile. Living room features a beautiful fireplace. Awesome bonus loft that is completely redone. Decorator color scheme.

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. Hardwood floors repaired and refinished, fresh paint and new doors throughout. Updated windows, new blinds, and new broadloom throughout.

1 YEAR ANALYSIS

Purchase Price: $61,000
Income: $10,200
Property Taxes: -$1,200
Insurance: -$480
Management: -$1,080
Vacancy: -5% ($510)
Repairs/Maint.: -5% ($510)
NET ROI: 10.52%