Performing Note for Sale — Single Family · Wyandotte, MI | $110,000

About this deal

Performing mortgage note secured by a single-family home located at 3450 BIDDLE AVE, Wyandotte, MI. Face value $110,000. Note is current; borrower paying on time with a solid equity cushion. Ideal for note investors seeking passive income backed by real property collateral.

The numbers

Cap rate

8%

Net operating income

$22,680/yr

Cash flow

+$1,890/mo

Occupancy

82 of 82 units

Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.