16543 Five Points St
Redford, MI 48240
List Price
$164,900
Initial Investment
$44,935Purchase Price
$164,900
Down Payment
25%
Rent
$1,230
Total Return
$77,157
Annualized Return
21.2%
Cap Rate
4.6%
Gross Yield
9.0%
Cash Flow
-$1,939
Appreciation
9.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,621
HOA
None
Flood Risk
Not Required
Beautiful bungalow with all new finishes! Kitchen includes new cabinets, stainless steel appliances, counters and floor. Plaster cove ceiling with arches, all new paint and cute charm throughout. Original hardwood floors were newly finished. Newer windows with new window treatments. Split floor plan layout with large master bedroom. Updated bathroom with original tile. Plenty of space in the attic for additional storage, bedroom or finish to your liking. One car garage with plenty of space for workshop. Private fully fenced in yard. Quiet street with mature trees and close walk to Glenhurst Golf Course. 20 minute drive to Downtown Detroit. This home is proudly offered to all buyers including FHA & VA.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$14,022Expenses
-$2,496Property Taxes
-$4,500Loan Payments
-$8,965Net Cash Flow
-$1,939See 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 #24018239
Last Updated: 04/21/2024 15:04
MLS #24018239
Last Updated: 04/21/2024 15:04