18211 Monica St
Detroit, MI 48221
List Price
$124,900
Initial Investment
$34,035Purchase Price
$124,900
Down Payment
25%
Rent
$1,430
Total Return
$84,950
Annualized Return
29.9%
Cap Rate
7.3%
Gross Yield
13.7%
Cash Flow
$1,491
Appreciation
10.2%
Reset to DefaultEdit Assumptions
Features
Lot Size
0
HOA
None
Flood Risk
Not Required
BEAUTIFUL 3 BEDROOM COLONIAL IN AN EXQUISITE NORTHWEST DETROIT NEIGHBORHOOD. MODERN HOME BUILT IN 1971. FRESHLY PAINTED THROUGHOUT WITH NEW FLOORING THROUGHOUT. LARGE UPDATED KITCHEN W/BREAKFAST NOOK. NOT MANY LIKE THIS ONE ON THE MARKET. BRING YOUR MOST PICKY AND QUALIFIED BUYERS. NUMEROUS UPDATES. OPEN HOUSE TUESDAY, MAY 30TH FROM 4 - 6 PM.
See more in Analysis
Jeff Grice
Roofstock Realty, LLC - MI
MI Agent License #6504431331
Annual Financial Highlights
Expected Rent
$16,302Expenses
-$4,521Property Taxes
-$3,500Loan Payments
-$6,790Net Cash Flow
$1,491See more in Financials
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.
- Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
- You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
- Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
- Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.
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:Al Lucy
Develop Detroit Realty & Construction Group
Develop Detroit Realty & Construction Group
Certified Agent Brokerage:Jeff Grice
Roofstock Realty, LLC - MI
MI Brokerage License 6505432203
Roofstock Realty, LLC - MI
MI Brokerage License 6505432203
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20230041427
Last Updated: 05/26/2023 11:05
MLS #20230041427
Last Updated: 05/26/2023 11:05