938 W Oregon St

Lapeer, MI 48446
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4 bd, 2 ba | 2,400 sqft | Built in 1930

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List Price
$349,900

Initial Investment

$95,348

Purchase Price

$349,900

Down Payment

25%

Rent

$2,400

Total Return

$218,165

Annualized Return

27.1%

Cap Rate

5.8%

Gross Yield

8.2%

Cash Flow

$318

Appreciation

10.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

13,504

HOA

None

Flood Risk

Not Required

This beautifully renovated vintage home seamlessly blends classic charm with modern updates, featuring a freshly painted exterior, inviting front porch, new roof, and energy-efficient windows for lasting appeal and low-maintenance living. Inside, enjoy a brand-new kitchen and bathroom, new flooring, updated electrical and plumbing fixtures, fresh paint throughout, and spacious bedrooms with the convenience of second-floor laundry. The open great room with a cozy fireplace flows into a bright sunroom through elegant French doors. An oversized garage with hot and cold water access, a private tiered deck, and a staircase leading to an unfinished attic all add to the home’s functionality and future potential. This move-in-ready gem offers the perfect balance of style, comfort, and value.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$27,360

Expenses

-$4,870

Property Taxes

-$3,150

Loan Payments

-$19,022

Net Cash Flow

$318

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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Listing Courtesy of:Douglas Ferrell
Agent License 6501342658
Realty Executives Main St LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250026115
Last Updated: 04/16/2025 10:04
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