16124 Wormer St
Detroit, MI 48219
List Price
$81,000
Initial Investment
$22,073Purchase Price
$81,000
Down Payment
25%
Rent
$1,190
Total Return
$14,253
Annualized Return
13.4%
Cap Rate
10.3%
Gross Yield
17.6%
Cash Flow
$3,106
Appreciation
-0.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,970
HOA
None
Flood Risk
Not Required
Welcome to 16124 Wormer Avenue in Detroit. This charming and spacious home is perfect for comfort and convenience. The friendly neighborhood is conveniently located allowing access to plenty of amenities, grocery stores and school. It offers a safe & inviting environment for you and your loved ones. With plenty of living space, this three bedroom, 1 car garage has plenty of cozy areas. Come discover a place to call home, 16124 Wormer Avenue in Detroit.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$13,566Expenses
-$3,857Property Taxes
-$2,200Loan Payments
-$4,404Net Cash Flow
$3,106See 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:Anthony James
Agent License 6501258695
Coldwell Banker Realty Ann Arbor
Agent License 6501258695
Coldwell Banker Realty Ann Arbor
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceGreater Kalamazoo
MLS #24017895
Last Updated: 04/17/2024 15:04
MLS #24017895
Last Updated: 04/17/2024 15:04