22135 Elmwood Ave

Eastpointe, MI 48021
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3 bd, 1 ba | 1,337 sqft | Built in 1929

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List Price
$80,000

Initial Investment

$25,278

Purchase Price

$79,000

Down Payment

25%

Rent

$1,200

Total Return

$44,298

Annualized Return

24.4%

Cap Rate

8.7%

Gross Yield

18.2%

Cash Flow

$1,718

Appreciation

8.4%
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Features

Occupancy

Occupied

Lease Start

11/15/2018

Lease End

11/30/2020

Lot Size

6,098

HOA

None

Flood Risk

Not Required

  • County Compliance Certificate available in Diligence Vault

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$4,667

Property Taxes

-$3,000

Loan Payments

-$4,295

Net Cash Flow

$1,718

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