15862 Petoskey Ave
Detroit, MI 48238
List Price
$98,900
Initial Investment
$26,950Purchase Price
$98,900
Down Payment
25%
Rent
$1,250
Total Return
$59,740
Annualized Return
29.4%
Cap Rate
8.8%
Gross Yield
15.2%
Cash Flow
$2,616
Appreciation
8.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
3,049
HOA
None
Flood Risk
Not Required
Welcome to 15862 Petoskey!
4 bedroom 2 full bathrooms bungalow that has been wonderfully updated!
Great for a First Time Homebuyer or Investment Income Property. Move in Ready!!!
Located within walking distance of University of Detroit Mercy..
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$14,250Expenses
-$3,558Property Taxes
-$2,700Loan Payments
-$5,377Net Cash Flow
$2,616See 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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Certified Agent Brokerage:Christopher Stjernholm
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SourceGreater Kalamazoo
MLS #24015287
Last Updated: 04/03/2024 01:04
MLS #24015287
Last Updated: 04/03/2024 01:04