2943 Bewick St
Detroit, MI 48214
List Price
$95,000
Initial Investment
$25,888Purchase Price
$95,000
Down Payment
25%
Rent
$1,480
Total Return
$66,874
Annualized Return
34.8%
Cap Rate
10.9%
Gross Yield
18.7%
Cash Flow
$4,300
Appreciation
8.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
3,485
HOA
None
Flood Risk
Not Required
🏡 Attention New Home Owners & Investors! 🏡 Discover your dream property at 2943 Bewick Street, Detroit, MI 48214! This spacious 4-bedroom family home nestled in the charming East Village neighborhood is a gem waiting to be explored. Recently refreshed with a fresh coat of paint and brand-new window blinds, this home exudes warmth and comfort.
Convenience is key, with its proximity to the expressway and downtown Detroit, ensuring easy access to all the city has to offer. But what truly sets this property apart is its rich history. Imagine the stories and memories woven into its walls, as the same loving family has cherished this home since 1958.
And here's an exclusive offer for you: this property qualifies for a $5000 Chase Homebuyer Grant, making it even more irresis
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$16,872Expenses
-$4,808Property Taxes
-$2,600Loan Payments
-$5,165Net Cash Flow
$4,300See 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.
Similar Listings
Listing Courtesy of:Cynthia Martin
Agent License 6501396046
Key Realty One
Agent License 6501396046
Key Realty One
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceGreater Kalamazoo
MLS #24016930
Last Updated: 04/11/2024 02:04
MLS #24016930
Last Updated: 04/11/2024 02:04