13983 HOBART AVE
WARREN, MI 48089
List Price
$74,900
Initial Investment
$20,410Purchase Price
$74,900
Down Payment
25%
Rent
$1,400
Total Return
$59,293
Annualized Return
41.4%
Cap Rate
14.0%
Gross Yield
22.4%
Cash Flow
$5,463
Appreciation
7.1%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,356
HOA
$0/mo
Flood Risk
Not Required
Perfect location just a block or two from necessities like groceries, restaurants, convenience stores, & more. Just moments to I-696/I-94. No neighbors behind backing to very private/low impact/storage type building. Hardwood floors, large open space, large mud room/laundry for ample storage. Virtually maintenance free exterior; interior needs some paint/flooring refinishes ... at this price its the best priced house in the area. Don't be fooled by the one at 71,000 that is an "assignment"/seller is in true title/deed. This property has had one, long-time owner and has clear title! Give this one a little love and make it home or a great investment property. AGENTS: please make sure to read AGENT REMARKS in Multi-List System for offer submission info.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$15,960Expenses
-$5,075Property Taxes
-$1,350Loan Payments
-$4,072Net Cash Flow
$5,463See 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.
Similar Listings
Listing Courtesy of:Al Block
Agent License 6506044979
RE/MAX First
Agent License 6506044979
RE/MAX First
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #58050171139
Last Updated: 04/17/2025 03:04
MLS #58050171139
Last Updated: 04/17/2025 03:04