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

Total Return
$38,140
Annualized Return
8.2%
Cap Rate
8.3%
Gross Yield
14.3%
Cash Flow
$6,862
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


Buy It Now: Offers at list price include an American Home Shield home warranty. *Upside in rental income by $150 *Inspection Contingency Included as part offer

Annual Financial Highlight
Expected Rent
$12,255
Expenses
-$3,393
Property Taxes
-$2,000
Loan Payments
$0

Net Cash Flow
$6,862
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

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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