21278 Flanders St
Farmington Hills, MI 48335
List Price
$185,000
Initial Investment
$50,413Purchase Price
$185,000
Down Payment
25%
Rent
$1,580
Total Return
$75,828
Annualized Return
20.7%
Cap Rate
6.3%
Gross Yield
10.2%
Cash Flow
$791
Appreciation
6.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
15,246
HOA
None
Flood Risk
Not Required
Nestled within the coveted Tarabusi Roseland Gardens subdivision, this delightful ranch-style home offers the perfect blend of comfort, convenience, and community charm. With 2 bedrooms and 1.5 bathrooms, it's the perfect size for those seeking a comfortable and manageable living space. Outside, discover your own private oasis! The generously sized fenced yard offers plenty of space for outdoor activities, gardening endeavors, or simply unwinding amidst nature's tranquility. Park with ease and take advantage of the convenience offered by the 2.5 car detached garage, providing ample storage space for vehicles, tools, and recreational gear, along with a shed.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$18,012Expenses
-$4,063Property Taxes
-$3,100Loan Payments
-$10,058Net Cash Flow
$791See 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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Last Updated: 04/26/2024 17:04