15701 Robson St

Detroit, MI 48227
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4 bd, 2 ba | 1,252 sqft | Built in 1937

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List Price
$164,900

Initial Investment

$44,935

Purchase Price

$164,900

Down Payment

25%

Rent

$1,260

Total Return

$29,103

Annualized Return

9.7%

Cap Rate

4.2%

Gross Yield

9.2%

Cash Flow

-$2,586

Appreciation

4.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,663

HOA

None

Flood Risk

Not Required

Welcome home to this meticulously remodeled 4 bedroom 2 bathroom home in prime Detroit! This home has been masterfully renovated inside and out. Some of the many exterior updates include a new front door/storm doors, updated lighting, newly manicured landscaping, and a newly repaired front walkway. Inside you will find a brand new kitchen with custom built cabinets with beautiful crown molding, quartz countertops, unique porcelain flooring, and sophisticated herringbone marble backsplash. (All new Samsung Stainless Steel appliances to be installed prior to closing) You will love the oversized under mount kitchen sink with an elegant faucet. The first floor living space shines bright modern lighiting and luxurious chandelier in the dining area. The entire home has been freshly painted and features new baseboard trim, luxury vinyl plank flooring, and modern lighting. A full bathroom was added in the second floor to create a luxurious primary suite. All bedrooms are equipped with brand new upscale carpeting and unique lighting/fan combos. Both bathrooms offer high end faucets and fixtures, unique textured porcelain tile, and modern vanities. Newer furnace/hot water tank and Brand New AC unit 2024.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$14,364

Expenses

-$3,486

Property Taxes

-$4,500

Loan Payments

-$8,965

Net Cash Flow

-$2,586

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

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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Listing Courtesy of:Ryan Heward
Agent License 6502401117
Golden Key Real Estate LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceGreater Kalamazoo
MLS #24018927
Last Updated: 04/24/2024 17:04
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