3701 Michael Ave

Warren, MI 48091
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3 bd, 1 ba | 1,092 sqft | Built in 1955

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List Price
$88,500

Initial Investment

$83,909

Purchase Price

$82,250

Down Payment

100%

Rent

$1,200

Total Return

$81,538

Annualized Return

16.5%

Cap Rate

9.8%

Gross Yield

17.5%

Cash Flow

$7,219

Appreciation

9.9%
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Features

Occupancy

Unspecified

Lease Start

10/12/2018

Lease End

10/31/2019

Lot Size

7,405

HOA

None

Flood Risk

Not Required



Buy It Now: Offers at list price include an American Home Shield home warranty.

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Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$4,461

Property Taxes

-$2,000

Loan Payments

$0

Net Cash Flow

$7,219

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