14722 Lydia Ave
Eastpointe, MI 48021
List Price
$125,000
Initial Investment
$34,063Purchase Price
$125,000
Down Payment
25%
Rent
$1,240
Total Return
$69,779
Annualized Return
26.4%
Cap Rate
7.2%
Gross Yield
11.9%
Cash Flow
$1,542
Appreciation
8.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,792
HOA
None
Flood Risk
Not Required
This lovely 3 bedroom, 1 bathroom brick ranch is located near the bustling intersection of 8 Mile and Gratiot, offering easy access to shopping, dining, and entertainment.
As you step inside, you're greeted by spacious living and dining areas, perfect for entertaining guests or relaxing with family. The large fenced-in yard provides a safe and private space for outdoor activities, while the detached one-car garage offers convenience and storage.
Living in Eastpointe means enjoying a vibrant community with a rich history and plenty of amenities. Explore nearby parks, shopping centers, and restaurants, or take a short drive to downtown Detroit for even more excitement.
Schedule your showing today and make this Eastpointe gem yours!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$14,136Expenses
-$3,068Property Taxes
-$2,730Loan Payments
-$6,796Net Cash Flow
$1,542See 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:Amber Boone
Agent License 6501430943
EXP Realty Taylor
Agent License 6501430943
EXP Realty Taylor
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceGreater Kalamazoo
MLS #24014576
Last Updated: 03/27/2024 21:03
MLS #24014576
Last Updated: 03/27/2024 21:03