3701 Michael Ave Warren, MI 48091
3bd, 1ba | 1,092sqft | Built in 1955
Expand
Initial Investment
$91,775
List Price: $90,000
Purchase Price
$90,000
Down Payment
100%
Rent
$1,075

Total Return
$31,456
Annualized Return
6.8%
Cap Rate
6.9%
Gross Yield
14.3%
Cash Flow
$5,562
Appreciation
1.4%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
10/12/2018 
Lease End
10/31/2019 
Lot Size
7,405 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$12,255
Expenses
-$3,393
Property Taxes
-$3,300
Loan Payments
$0

Net Cash Flow
$5,562
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

BESbswy