2282 Progress Ave
Lincoln Park, MI 48146
List Price
$149,000
Initial Investment
$40,603Purchase Price
$149,000
Down Payment
25%
Rent
$1,168
Total Return
$74,512
Annualized Return
22.4%
Cap Rate
5.0%
Gross Yield
9.4%
Cash Flow
-$1,390
Appreciation
9.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,182
HOA
None
Flood Risk
Not Required
Charming 3 bed, 1 bath bungalow with new carpet, large eat-in kitchen, and spacious back yard with shed. Large primary bedroom upstairs. Just moments away from I-75 & I-94, with plenty of shopping on the nearby Southfield Rd. & Dix Hwy!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$13,319Expenses
-$2,559Property Taxes
-$4,050Loan Payments
-$8,100Net Cash Flow
-$1,390See 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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