11320 Grandville Ave

Detroit, MI 48228
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3 bd, 1.5 ba | 1,646 sqft | Built in 1945

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List Price
$75,000

Initial Investment

$20,438

Purchase Price

$75,000

Down Payment

25%

Rent

$1,480

Total Return

$44,006

Annualized Return

33.7%

Cap Rate

12.9%

Gross Yield

23.7%

Cash Flow

$4,619

Appreciation

4.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,227

HOA

None

Flood Risk

Not Required

This home needs eom TLC but the structure is great. Schedule an appointment to see this beautiful home. BATVAI. Purchaser to pay 495 transaction fee at closing.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$16,872

Expenses

-$5,365

Property Taxes

-$2,810

Loan Payments

-$4,077

Net Cash Flow

$4,619

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Kenneth Evans
Reach Realty Group
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250016553
Last Updated: 03/13/2025 10:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.