28240 Lahser Rd

Southfield, MI 48034
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4 bd, 3 ba | 2,654 sqft | Built in 1966

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List Price
$350,000

Initial Investment

$95,375

Purchase Price

$350,000

Down Payment

25%

Rent

$2,330

Total Return

$99,664

Annualized Return

14.9%

Cap Rate

4.9%

Gross Yield

8.0%

Cash Flow

-$2,994

Appreciation

5.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,019

HOA

None

Flood Risk

Not Required

This beautifully updated 4-bedroom, 2.5-bath Colonial, remodeled in 2013, is ready for you to call home. Situated on a lovely lot with a large fenced backyard. The home boasts a newer kitchen with granite countertops that opens to a spacious family room, along with generously sized rooms throughout, including a bright living room and formal dining area. Recent updates include newer bathrooms, a newer roof, windows, furnace, AC, hot water heater, fresh paint, new carpeting upstairs, and updated double front entrance doors. The first-floor laundry adds convenience, while the large basement offers ample storage space. An attached 2-car garage and a massive backyard shed complete this well-maintained home. Located in a prime area close to shopping, dining, and freeway access, this property is truly move-in ready!

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

Annual Financial Highlights

Expected Rent

$26,562

Expenses

-$4,728

Property Taxes

-$5,800

Loan Payments

-$19,028

Net Cash Flow

-$2,994

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:Nadia Dalou
Agent License 6501293425
Nadia F Dalou
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250026695
Last Updated: 04/17/2025 10:04
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