8631 Kinmore St Dearborn Heights, MI 48127
3bd, 1.5ba | 1,073sqft | Built in 1955
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Initial Investment
$149,550
List Price: $147,340
Purchase Price
$147,340
Down Payment
100%
Rent
$1,200

Total Return
$37,018
Annualized Return
4.9%
Cap Rate
4.7%
Gross Yield
9.8%
Cash Flow
$6,292
Appreciation
1.4%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
09/01/2016 
Lease End
09/30/2019 
Lot Size
5,619 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$13,680
Expenses
-$3,288
Property Taxes
-$4,100
Loan Payments
$0

Net Cash Flow
$6,292
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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