3816 Spruce St Inkster, MI 48141
2bd, 1ba | 825sqft | Built in 1927
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Initial Investment
$57,710
List Price: $54,000
Purchase Price
$54,000
Down Payment
100%
Rent
$775

Total Return
$21,313
Annualized Return
7.4%
Cap Rate
8.9%
Gross Yield
17.2%
Cash Flow
$4,300
Appreciation
1.4%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
04/03/2019 
Lease End
03/31/2020 
Lot Size
4,225 
HOA
None
Flood Risk
Not Required
  • Meets 1% rule
  • Near schools, shopping, and dining
  • Leased through 3/31/2020
  • Only a 15-minute drive to Detroit Metropolitan Wayne County Airport

Annual Financial Highlight
Expected Rent
$8,835
Expenses
-$2,835
Property Taxes
-$1,700
Loan Payments
$0

Net Cash Flow
$4,300
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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