Assume 10,000 is your downpayment

2. Look at attached flyer for "7579 Chrysler Dr, Detroit, Mi. Assume you have to invest $10,000 for each unit and that fixed and variable expenses are 40% and no vacancy. What must monthly income be to achieve 12% capitalization rate? Fl 7579 CHRYSLER DRIVE CHRYSLER DRIVE Detroit 11 UNITS | 11 BATHROOMS 7,590 SQ FT 11 Units Just North Of Midtown Detroit. Endless Possibilities. Partially Renovated 11 Unit Building 10+ Covered Parking Spots . Gated Lot. All Units Have Covered Exterior Space Location Is Everything. Arts & Cultural Area . New Construc tion Neighborhood. Near WSU...Detroit Institute of Arts...Col- lege For Creative Studies...Detroit Medical Center...Detroit Sci- ence Center...Children's Hospital... Charles H Wright Museum New Construction All Around You . Steps Away From Qline Baltimore Station. Additional Property Included. Milwaukee Junction. North End . Midtown - Perfect For First Time Inves- tor $399,000. Call Jodee Gibson. MLS#217110003 Text R856452 to 52187 IR