3400 Chalice Rd

Lake Orion, MI 48359
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3 bd, 2 ba | 1,525 sqft | Built in 1964

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List Price
$149,900

Initial Investment

$40,848

Purchase Price

$149,900

Down Payment

25%

Rent

$1,450

Total Return

$89,615

Annualized Return

27.8%

Cap Rate

7.4%

Gross Yield

11.6%

Cash Flow

$2,142

Appreciation

8.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,019

HOA

$0/mo

Flood Risk

Not Required

Opportunity of a lifetime could be yours! Owned by the same family since it was built and ready for the next person(s) to give it some love. Remove the clutter and get to work on a most equitable result. Neighborhood sales range from $225-$280,000. Prime location just moments from highways, major shopping, parks, and in the triangle of cool downtowns (Clarkston/Lake Orion/Auburn Hills). Sit on this shaded front porch and dream about how great you will make this home! Super sized garage boasts attached workshop (approx 22x12) w/wood stove. Deep and wide driveway for ample parking (no HOA). Vinyl windows and Andersen door wall, vinyl siding & aluminum trim (needs a good power wash). Finished basement has the bones for your "re-do" with bright drywall, blacked out ceiling, and bathroom remodel. Kitchen with ample cabinetry, parquet wood flooring. Home was lived in until recently with systems working. Buyer(s) to purchase property as-is; all personal property remaining in and on the property at the time of closing becomes the property/responsibility of the buyer(s). AGENTS PLEASE READ AGENT REMARKS IN REGARDS TO OFFER PROCEDURE.

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

Annual Financial Highlights

Expected Rent

$16,530

Expenses

-$3,539

Property Taxes

-$2,700

Loan Payments

-$8,149

Net Cash Flow

$2,142

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:Al Block
Agent License 6506044979
RE/MAX First
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #58050171689
Last Updated: 04/21/2025 17:04
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