9615 Sorrento St
Detroit, MI 48227
List Price
$80,000
Initial Investment
$21,800Purchase Price
$80,000
Down Payment
25%
Rent
$940
Total Return
$26,748
Annualized Return
18.7%
Cap Rate
7.6%
Gross Yield
14.1%
Cash Flow
$1,124
Appreciation
4.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
5,227
HOA
None
Flood Risk
Not Required
Well maintained 3 bedroom brick bungalow. Move in ready! The perfect home for first time homeowners. An investors dream. All measurements are estimates BATVAI. Property listed AS IS. Buyer to assume any FHA / VA Inspection repairs. Please schedule your visit through showing time today.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$10,716Expenses
-$3,343Property Taxes
-$1,900Loan Payments
-$4,349Net Cash Flow
$1,124See 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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SourceGreater Kalamazoo
MLS #24004715
Last Updated: 04/08/2024 20:04
MLS #24004715
Last Updated: 04/08/2024 20:04