1268 Knollwood Dr
Lapeer, MI 48446
List Price
$259,900
Initial Investment
$70,823Purchase Price
$259,900
Down Payment
25%
Rent
$1,800
Total Return
$162,857
Annualized Return
27.3%
Cap Rate
5.9%
Gross Yield
8.3%
Cash Flow
$388
Appreciation
10.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
23,958
HOA
None
Flood Risk
Not Required
Welcome to 1268 Knollwood Drive! A brand new roof was installed in the spring of 2019, offering peace of mind. The interior boasts a fresh aesthetic, featuring new carpet and laminate floors, along with beautifully refinished hardwood floors in all bedrooms completed in 2015. The basement, complete with a charming fireplace, adds warmth and character to the home. Outside, a spacious fenced-in backyard with a deck and shed provides a private oasis for relaxation and entertainment. The property also includes a substantial attached 2 car garage, offering ample storage space for all your needs. What sets this home apart is its rich history; once serving as the residence for the Church Pastor, it carries a sense of community and adds a unique dimension to its charm. BTVAI
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$20,520Expenses
-$3,653Property Taxes
-$2,350Loan Payments
-$14,130Net Cash Flow
$388See 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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SourceGreater Kalamazoo
MLS #24014224
Last Updated: 03/25/2024 21:03
MLS #24014224
Last Updated: 03/25/2024 21:03