16775 Blackstone St

Detroit, MI 48219
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4 bd, 1 ba | 2,233 sqft | Built in 1920

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List Price
$69,999

Initial Investment

$19,075

Purchase Price

$69,999

Down Payment

25%

Rent

$1,190

Total Return

$11,095

Annualized Return

12.1%

Cap Rate

10.1%

Gross Yield

20.4%

Cash Flow

$2,454

Appreciation

-0.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,098

HOA

None

Flood Risk

Not Required

Priced to sale quick. Attention Investors... this property is fully renovated, new roof, vacant, and ready for occupancy. Rents in the area exceed $1400 per month. Place a tenant and get a return on your investment right away! This would be a great cash on cash investment for any seasoned investor. Let's make a deal ! Considering all offers.
Seller has also listed 9329 Grandmont Detroit. Will sell as a package or individually.

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$13,566

Expenses

-$5,357

Property Taxes

-$1,950

Loan Payments

-$3,806

Net Cash Flow

$2,454

See 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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Similar Listings



Listing Courtesy of:Stephanie Lewis
Agent License 6502424804
Right House Realty Company
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceGreater Kalamazoo
MLS #24018600
Last Updated: 04/23/2024 04:04
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