23078 Rosalind Ave Eastpointe, MI 48021
3bd, 1ba | 1,152sqft | Built in 1948
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Initial Investment
$89,600
List Price: $80,000
Purchase Price
$80,000
Down Payment
100%
Rent
$900

Total Return
$19,701
Annualized Return
4.5%
Cap Rate
6.9%
Gross Yield
13.5%
Cash Flow
$4,914
Appreciation
1.4%
Features
Occupancy
Occupied
Lease Start
11/01/2018 
Lease End
12/31/2019 
Lot Size
7,405 
HOA
None
Flood Risk
Not Required
  • Close proximity to Interstate 94 and connecting Interstate 696 connecting through Downtown Detroit
  • Property meets 1% Rule at seller’s asking price

Annual Financial Highlight
Expected Rent
$10,260
Expenses
-$2,946
Property Taxes
-$2,400
Loan Payments
$0

Net Cash Flow
$4,914
Considerations
Property Characteristics    View Details


Roofstock Exclusive
This property is listed directly from the seller and only available through the Roofstock marketplace.
  • You can avoid competition and "buy it now" at the list price.​
  • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
  • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
  • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the 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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