Take Over Existing Mortgage — Single Family in Detroit, MI

About this deal

Creative finance opportunity in Detroit, MI. Single Family located at 1420 Washington Blvd, Detroit, MI priced at $165,000 on a subject-to basis. Take the deed and step into the existing financing. Seller is cooperative and timeline is flexible.

The numbers

Cap rate

7.2%

Net operating income

$21,024/yr

Cash flow

+$1,752/mo

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