3085 Tillman St
Detroit, MI 48216
List Price
$100,000
Initial Investment
$27,250Purchase Price
$100,000
Down Payment
25%
Rent
$2,620
Total Return
$108,771
Annualized Return
56.5%
Cap Rate
18.7%
Gross Yield
31.4%
Cash Flow
$11,755
Appreciation
8.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
3,920
HOA
None
Flood Risk
Not Required
Investor's Dream! Welcome to 3085 Tillman St, Detroit, MI 48216. Situated on a spacious 3,920 sq. ft. lot, this property is prime for investment opportunities. The motivated seller invites you to add your personal touch to this Detroit home, located just minutes from Corktown. Be a part of the exciting revitalization of Detroit and join a vibrant, tight-knit community. Investors are welcomed, and all offers are being accepted. Recent updates include a new roof in 2022 and a new furnace in 2023, ensuring peace of mind for future endeavors. Don't miss out on this chance to make your mark in Detroit's thriving real estate market. Schedule your showing today and seize this incredible opportunity!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$29,868Expenses
-$9,877Property Taxes
-$2,800Loan Payments
-$5,437Net Cash Flow
$11,755See 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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