13996 Hobart Ave

Warren, MI 48089
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3 bd, 2 ba | 1,363 sqft | Built in 1950

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List Price
$130,000

Initial Investment

$35,425

Purchase Price

$130,000

Down Payment

25%

Rent

$1,440

Total Return

$66,180

Annualized Return

25.6%

Cap Rate

8.0%

Gross Yield

13.3%

Cash Flow

$2,563

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,920

HOA

None

Flood Risk

Not Required

Amazing cozy colonial . This can be a 2 unit property or 1 unit. 2 bedrooms downstairs with full kitchen and bath, Livingroom . Upstairs 1 bedroom with full kitchen and bath, Livingroom. Carpet throughout. Conveniently located near 9 mile and Schoenherr, close to everything. You can have an in law upstairs, or roommate or adult child , close but their own space and you can live downstairs, or vice versa with easy accessibility to both floors. This is a unique property as is has the ability to make you income if you do not want to utilize it all yourself. 1 car garage. Schedule your walk through today. This cute gem will go fast.

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$16,416

Expenses

-$4,436

Property Taxes

-$2,350

Loan Payments

-$7,067

Net Cash Flow

$2,563

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

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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:Michael Weinraub
Agent License 6501416052
GPM Real Estate by eXp Realty
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceGreater Kalamazoo
MLS #24015729
Last Updated: 04/04/2024 00:04
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