8417 Jackson Ave
Warren, MI 48089
List Price
$140,000
$10K
Initial Investment
$38,150Purchase Price
$140,000
Down Payment
25%
Rent
$1,400
Total Return
$63,144
Annualized Return
22.5%
Cap Rate
6.9%
Gross Yield
12%
Cash Flow
$1,229
Appreciation
7.1%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
03/01/2022
Lease End
02/28/2023
Lot Size
14,810
HOA
None
Flood Risk
Not Required
- Completely updated large 3 bedroom home with full basement on 3 lots; Per public records lots number 189, 190, and 191
- 2 car detached garage
- Hardwood floors throughout
- New high end kitchen cabinets with dove tail drawers and granite countertops
- Dining room and kitchen have new laminate flooring
- 1 bedroom on main level with an oak staircase to upper level with 2 large bedrooms with updated full bath
- All windows and roof are updated
- New plumbing and HVAC system includes newer hot water tank, furnace and ventilation system throughout
- All appliance are included
- Tenant occupied with 1 year lease with option to renew
- Home is completely updated including electrical system
See more in Analysis
Annual Financial Highlights
Expected Rent
$15,960Expenses
-$4,319Property Taxes
-$2,800Loan Payments
-$7,611Net Cash Flow
$1,229See more in Financials
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