Lehigh St.
Inkster MI 48141

952 sq. ft., 3 bedroom / 1 bathroom

Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141
Lehigh St. </br>Inkster MI 48141

Property Information

Current Status Occupied
Lease Start Date 02/01/2025
Lease End Date 12/31/2025
Utilities Paid by Tenant
Initial Investment* $31,080

*Includes down payment plus $3,000 of closing costs

Purchase Price $130,000

Current Rent $1,300
Cap Rate 9%
Cash on Cash Return* 36%
Net Cash Flow Per Month* $312

*Assuming 20% down with a loan at 2PTS + 7% interest for 30 years. Including equity build up and 3% appreciation per year.

About This Property

Sharp 3 bed 1 bath Ranch is the home you have been waiting
for! Must see the inside as it has been completely renovated.
New carpet through out highlighted with lots of natural sunlight.

Spacious eat in kitchen and new ceramic tiles in the bathroom.
Nice large backyard perfect yard for summer BBQ’s and
backyard living. Freshly painted w/new upgrades throughout, too many to mention & ready to move in. 960 sq. ft. of house waiting to be your new home.

Quiet and quaint block close to shopping, places of worship,
schools, grocery, pharmacy, restaurants and freeways. Located
north of Annapolis and east of Inkster Rd. Close to Corewell
Health Wayne and Wayne Assembly. Great & responsive
landlord & owner. In addition to the many photos a full video tour!

Renovations include:
Living room –
Replace front entry door, drywall
repairs, prep for paint, paint 3
colors, blinds, switches/outlets
and plate covers, carpet flooring.

Kitchen –
Paint old cabinets, repair
cabinets, install wiring and range
hood, drywall repairs, prep for
paint, paint 3 colors, nipple light,
heat vent, switches/outlets/GFCI
and plate covers, current flooring
remains.

Bedroom 1 –
Drywall repairs, prep for paint,
paint 3 colors, nipple light,
blinds, switches/outlets and
plate covers, smoke detector,
carpet flooring

Bedroom 3 –
Drywall repairs, prep for paint,
paint 3 colors, nipple light, closet
door, blinds, switches/outlets
and plate covers, smoke
detector, carpet flooring

Bathroom –
Replace vanity-sink and
faucet/finished
plumbing/light/mirror/towel
bar/toilet paper roller, prep for
paint, paint 3 colors,
switches/outlet/GFCI and plate
covers, vent cover, doorknob,
existing flooring remains.

~This is being marketed for a FlipSystem Client.

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

Click here to learn more about buying rental properties from MartelTurnkey. If you have any further questions, schedule a call with an advisor