23031 Roxana Ave
Eastpointe, MI 48021
List Price
$89,900
Initial Investment
$24,498Purchase Price
$89,900
Down Payment
25%
Rent
$1,270
Total Return
$59,590
Annualized Return
31.8%
Cap Rate
9.6%
Gross Yield
17.0%
Cash Flow
$2,881
Appreciation
8.4%
Reset to DefaultEdit Assumptions
Features
Lot Size
0
HOA
None
Flood Risk
Not Required
The wonderful investment opportunity is in a great location in Eastpointe. The home has hardwood floors throughout the first
floor. Ceramic floors in the Kitchen. Forced air heat. Updated electrical. The sale is Cash only, the roof on the garage will not pass
financing.
See more in Analysis
Jeff Grice
Roofstock Realty, LLC - MI
MI Agent License #6504431331
Annual Financial Highlights
Expected Rent
$14,478Expenses
-$4,630Property Taxes
-$2,080Loan Payments
-$4,887Net Cash Flow
$2,881See 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.
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Listing Courtesy of:Scott Zemens
RE/MAX First
RE/MAX First
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 #20230041250
Last Updated: 05/25/2023 20:05
MLS #20230041250
Last Updated: 05/25/2023 20:05