15802 Monica St
Detroit, MI 48238
List Price
$44,900
$24.1K
Initial Investment
$12,235Purchase Price
$44,900
Down Payment
25%
Rent
$1,360
Total Return
$53,908
Annualized Return
63.2%
Cap Rate
21.4%
Gross Yield
36.3%
Cash Flow
$6,233
Appreciation
8.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,356
HOA
None
Flood Risk
Not Required
Calling all investors looking near the Fitzgerald/Marygrove area! This home is ready for your upgrades and final touches. The property has 3 nice sized bedrooms and 2 Full baths which will be a value add once all updates are done to the property. The living room and dining are nicely sized giving everyone in the room to space out. Schedule your showing today to begin or continue growing your real estate portfolio. Great for a flip or future long-term rental.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$15,504Expenses
-$4,930Property Taxes
-$1,900Loan Payments
-$2,441Net Cash Flow
$6,233See 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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SourceGreater Kalamazoo
MLS #24006706
Last Updated: 04/10/2024 22:04
MLS #24006706
Last Updated: 04/10/2024 22:04