3639 W SURREY LN
FORT GRATIOT, MI 48059
List Price
$329,900
Initial Investment
$89,898Purchase Price
$329,900
Down Payment
25%
Rent
$2,400
Total Return
$182,656
Annualized Return
24.6%
Cap Rate
5.3%
Gross Yield
8.7%
Cash Flow
-$1,420
Appreciation
9.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
10,454
HOA
$2/mo
Flood Risk
Not Required
Great opportunity to own in Fort Gratiot's Charming Old Farms Subdivision! This traditional 2 story home offers over 2500 sqft, 4 bedrooms, 2 and a half baths. The floorplan offers separate living, dining, and family rooms. There is also a finished bonus room that could be a 5th bedroom, office, or studio! Primary bedroom suite includes a walk-in closet, full bath, and lovely skylights! Outside you will find a fully vinyl fenced backyard, back deck, garden shed, and a beautiful stamped concrete patio with built-in firepit. With a wooded backdrop, this is truly a great space to entertain or enjoy a peaceful night in. Other notable upgrades include a central air, natural fireplace, steel roof and 2 car attached garage.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$27,360Expenses
-$4,895Property Taxes
-$5,950Loan Payments
-$17,935Net Cash Flow
-$1,420See 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 #58050171372
Last Updated: 04/15/2025 14:04
MLS #58050171372
Last Updated: 04/15/2025 14:04