4236 Joliet Ave

Warren, MI 48091
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3 bd, 1 ba | 900 sqft | Built in 1959

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List Price
$140,000

Initial Investment

$38,150

Purchase Price

$140,000

Down Payment

25%

Rent

$940

Total Return

$69,450

Annualized Return

21.6%

Cap Rate

4.0%

Gross Yield

8.1%

Cash Flow

-$2,512

Appreciation

9.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,792

HOA

None

Flood Risk

Not Required

Welcome to this newly remodeled Ranch. New floor, kitchen with quartz countertop, bathroom and paint. Brick front with 3 bedrooms and 1 bath. Spacious kitchen with plenty of counterspace. Separate dining area. Large private backyard. Low traffic neighborhood! Ready for new owners!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$10,716

Expenses

-$2,716

Property Taxes

-$2,900

Loan Payments

-$7,611

Net Cash Flow

-$2,512

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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Similar Listings



Listing Courtesy of:Zaid Alnaqash
Agent License 6501420218
National Realty Centers
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceGreater Kalamazoo
MLS #24014867
Last Updated: 03/29/2024 15:03
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