15889 Biltmore St
Detroit, MI 48227
List Price
$75,000
Initial Investment
$20,438Purchase Price
$75,000
Down Payment
25%
Rent
$1,070
Total Return
$33,630
Annualized Return
25.4%
Cap Rate
10.0%
Gross Yield
17.1%
Cash Flow
$2,665
Appreciation
4.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,792
HOA
None
Flood Risk
Not Required
Welcome home to this 3 bedroom, 1 bathroom bungalow conveniently located in Detroit. The spacious living room features oversized windows offering tons of natural light. You will love the original hardwood floors throughout, recently painted walls, and updated kitchen. Upstairs you will find a large primary bedroom with plenty of closet space. Make this home yours today!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$12,198Expenses
-$3,406Property Taxes
-$2,050Loan Payments
-$4,077Net Cash Flow
$2,665See 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 #24001427
Last Updated: 04/05/2024 16:04
MLS #24001427
Last Updated: 04/05/2024 16:04