622 Gardenia Ave

Royal Oak, MI 48067

Part of 2 Detroit Properties | Portfolio

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3 bd, 1.5 ba | 1,648 sqft | Built in 2002

For Sale

Exclusive

List Price
$365,000

$10K

Initial Investment

$99,463

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

03/15/2021

Lease End

09/14/2021

Lot Size

6,534

HOA

None

Flood Risk

Not Required

  • Pet fee included in monthly rent of $50
See more in Analysis

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Annual Financial Highlights

Expected Rent

$26,790

Expenses

-$6,618

Property taxes

-$6,200

Loan Payments

-$15,683

Net Cash Flow

-$1,711

See more in Financials

Property Characteristics

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.
  • 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.

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.