2712 N MAIN ST
ROYAL OAK, MI 48073
List Price
$289,900
Initial Investment
$78,998Purchase Price
$289,900
Down Payment
25%
Rent
$2,040
Total Return
$95,850
Annualized Return
16.8%
Cap Rate
5.0%
Gross Yield
8.4%
Cash Flow
-$2,084
Appreciation
6.5%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,008
HOA
$0/mo
Flood Risk
Not Required
Welcome to this beautifully updated 3-bedroom bungalow, perfectly located just minutes from vibrant downtown Royal Oak! Step inside and fall in love with the warmth of gleaming hardwood floors and the inviting charm throughout. The heart of the home is the recently remodeled eat-in kitchen, featuring granite countertops, sleek cabinetry, and stainless steel appliances-ideal for home cooks and entertainers alike. The bathroom has also been tastefully updated with modern finishes, offering both style and comfort. Upstairs, you'll find the generously sized primary bedroom, perfect for relaxation. The finished basement adds even more living space, complete with a cozy fireplace, living room and bar area-great for hosting! Outside, enjoy the warmer months in your large backyard featuring a custom patio area. Don't miss this move-in ready gem that combines classic charm with thoughtful updates, all in a fantastic location! New main sewer line, roof and AC. Updated plumbing and electrical. Taxes are NOT homesteaded
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$23,256Expenses
-$4,140Property Taxes
-$5,440Loan Payments
-$15,760Net Cash Flow
-$2,084See 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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Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #57050171013
Last Updated: 04/16/2025 04:04
MLS #57050171013
Last Updated: 04/16/2025 04:04