15494 Manor St Detroit, MI 48238
|Lease Start Date||N/A|
|Lease End Date||N/A|
|Utilities||Paid by Tenant|
*Includes down payment plus $3,000 of closing costs
Purchase Price $121,500
|Cash on Cash Return*||36%|
|Net Cash Flow Per Month*||$298|
*Assuming 20% down with a loan at 2PTS + 6.625% interest for 30 years. Including equity build up and 3% appreciation per year.
- About This Property
New kitchen, new main bathroom, updated 2nd bathroom, new luxury vinyl plank flooring, new carpet flooring on stairs & bedrooms, new front door & security door, new handrail to downstairs, new bedroom door and trim, new closet door, new door hardware, new attic window, new basement window, new window blinds, new window screen, new light fixtures throughout, new electrical outlets & switches, new smoke & CO detectors, replaced rusted panning, new furnace, new hot water tank, updated plumbing, new lighting in basement, new porch railings, new gutters & downspouts, new fascia trim, repaired fascia, repaired missing shingles, tuck-pointed house & garage, repaired garage supports, completed back fence, new driveway gate, interior & exterior paint. Passed city and lead abatement tests.
- Financing Options
MartelTurnkey has partnered with some of the top lenders that provide a wide range of financial solutions to meet your Rental investing needs. Talk to an Advisor to learn more or visit our partner to get pre-approved.
- Property Management Company
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- Investment Terms
Purchase and Sale Agreement (PSA): A PSA will be delivered electronically once an agreement has been made and must be executed by Buyer within 24 hours of receipt.
Earnest Money Deposit (EMD) of $1,000 must be wired to the Title Company within 3 days of PSA signing.
Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.
Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 45 days of PSA execution for financing unless otherwise agreed by Buyer and Seller.
Lease Agreement: The current lease agreement will be provided to Buyer at Closing.
Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Martel TurnKey to lower transaction costs for Buyers and Sellers. Actual closing costs will be outlined on the final settlement statement.
- Buying Process
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