18982 Ardmore St
Detroit, MI 48235
List Price
$148,900
Initial Investment
$40,575Purchase Price
$148,900
Down Payment
25%
Rent
$1,090
Total Return
$42,681
Annualized Return
14.6%
Cap Rate
4.5%
Gross Yield
8.8%
Cash Flow
-$2,055
Appreciation
6.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,792
HOA
None
Flood Risk
Not Required
A beautiful updated 3 bedroom brick bungalow. A full bath on first level, a large spacious master suite with a half-bath on the second level. Lovely fireplace in the living room. Private deck with a wonderful walkout entrance. Perfectly located near major roadways and freeways. Home has all new plumbing, electrical, and furnace with new duct system. This property is great for new home buyers.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$12,426Expenses
-$2,336Property Taxes
-$4,050Loan Payments
-$8,095Net Cash Flow
-$2,055See 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 #24015519
Last Updated: 04/05/2024 07:04
MLS #24015519
Last Updated: 04/05/2024 07:04