23541 Cloverlawn St

Oak Park, MI 48237
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3 bd, 3 ba | 2,580 sqft | Built in 1953

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List Price
$215,000

Initial Investment

$58,588

Purchase Price

$215,000

Down Payment

25%

Rent

$3,160

Total Return

$203,766

Annualized Return

41.7%

Cap Rate

11.2%

Gross Yield

17.6%

Cash Flow

$10,912

Appreciation

11.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,447

HOA

$0/mo

Flood Risk

Not Required

Great ranch featuring spacious living room with hardwood flooring, updated kitchen and oversized master suite with WIC! Partially finished basement with full bathroom. 2 car detached garage. Situated on tree-lined street and in walking distance to Shephard Park, City Hall, library, schools and freeways!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$36,024

Expenses

-$9,524

Property Taxes

-$3,900

Loan Payments

-$11,689

Net Cash Flow

$10,912

See 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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Listing Courtesy of:Maria McGuire
Agent License 6502138335
RE/MAX Advisors
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #58050171569
Last Updated: 04/19/2025 13:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.