1655 Spruce Dr
Commerce Township, MI 48390
List Price
$389,900
Initial Investment
$106,248Purchase Price
$389,900
Down Payment
25%
Rent
$4,270
Total Return
$205,790
Annualized Return
26.2%
Cap Rate
7.8%
Gross Yield
13.1%
Cash Flow
$7,389
Appreciation
7.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
12,197
HOA
None
Flood Risk
Not Required
Welcome in to a Newly Remodeled home - as you enter notice the Open Floor Plan and to your left you'll find a Beautiful Newly Remodeled Kitchen complete with Shaker Cabinets and Luxurious Granite counter tops, great for any Chef. Serve straight into the Dining room which overlooks the 2 Story Great room and the Floor to Ceiling Fireplace with views of the Beautiful Outdoor Gardens. Next you will find a First floor Bedroom or Flex Space. Traveling upstairs you will find a Walkway between the Impressive Vaulted Master bedroom with a Remodeled Bathroom complete with a Shining Skylight and Cozy Heat Lamps. 2 additional Bedrooms are across the Walkway with another Full Bath in-between for easy access. The Finished basement with an extra Walk-in closet rounds out this Beautiful Home. Winning Walled Lake Schools and located close to nearby shopping and restaurants makes this the Perfect Home for the Holidays.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$48,678Expenses
-$11,402Property Taxes
-$8,690Loan Payments
-$21,197Net Cash Flow
$7,389See 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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AZ Brokerage License BR689329000
SourceGreater Kalamazoo
MLS #23146018
Last Updated: 04/18/2024 16:04
MLS #23146018
Last Updated: 04/18/2024 16:04