13900 Penrod St
Detroit, MI 48223
List Price
$115,000
Initial Investment
$31,338Purchase Price
$115,000
Down Payment
25%
Rent
$1,280
Total Return
$35,866
Annualized Return
17.4%
Cap Rate
7.1%
Gross Yield
13.4%
Cash Flow
$1,129
Appreciation
4.7%
Reset to DefaultEdit Assumptions
Features
Lot Size
0
HOA
None
Flood Risk
Not Required
Beautiful 3 Bedroom 1 Bath Bungalow in the heart of the Grandmont Sub. New 2021 roof on house and garage. Formica countertops in kitchen, ceramic floors in kitchen. Tenant Occupied.
See more in Analysis
Jeff Grice
Roofstock Realty, LLC - MI
MI Agent License #6504431331
Annual Financial Highlights
Expected Rent
$14,592Expenses
-$4,011Property Taxes
-$3,200Loan Payments
-$6,252Net Cash Flow
$1,129See more in Financials
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.
- Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
- You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
- Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
- Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.
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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