243 Newport St

Detroit, MI 48215
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3 bd, 1.5 ba | 2,160 sqft | Built in 1937

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List Price
$83,200

Initial Investment

$22,672

Purchase Price

$83,200

Down Payment

25%

Rent

$1,980

Total Return

$83,814

Annualized Return

51.8%

Cap Rate

17.3%

Gross Yield

28.6%

Cash Flow

$8,521

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

2 bedroom brick colonial, attached garage partially fenced yard. This is a must see. This property will not last long! Schedule your showing today!! -BATVAI

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$22,572

Expenses

-$7,178

Property Taxes

-$2,350

Loan Payments

-$4,523

Net Cash Flow

$8,521

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:Anthony Raffin
RE/MAX First
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #58050145599
Last Updated: 06/20/2024 15:06
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