10414 Lake Shore Dr

Fenton, MI 48430
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3 bd, 2.5 ba | 1,701 sqft | Built in 2004

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List Price
$329,900

Initial Investment

$89,898

Purchase Price

$329,900

Down Payment

25%

Rent

$3,380

Total Return

$209,051

Annualized Return

30.3%

Cap Rate

8.5%

Gross Yield

12.3%

Cash Flow

$8,649

Appreciation

8.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

15,682

HOA

$17/mo

Flood Risk

Not Required

This one is a MUST SEE in person! Stunning Lake Views and Lake Access to All Sports Runyan Lake from this beautifully updated Cape Cod! Built in 2004, this home was just given multiple upgrades. You are first greeted by the sprawling and beautiful covered front porch with recessed lighting. Upon entering, you will notice the high vaulted ceilings and natural light streaming in from not only the huge picture window in the living room, but also from the skylights above. This home has large Andersen windows throughout to take in all of the gorgeous scenery. New Luxury vinyl plank flooring throughout the lower level leads you from your gorgeous living room into the dining room, which looks out through the sliding glass doors at the treescape backyard. The kitchen is every cook's dream, with stunning granite countertops, all new stainless steel appliances, beautiful backsplash and abundant cabinet space. The built in storage around the corner is a generous addition. You will also find the primary suite on the first floor! New carpet, a walk in closet, beautiful views and light from your sliding glass doors facing the backyard, as well as an attached primary bathroom with updated granite double vanity and both a walk in shower and large jetted soaking tub. First floor laundry room and a half bathroom round out the first floor. Upstairs you will find another full bathroom with an updated Granite countertop vanity as well as two very large bedrooms, both with incredibly ample closet space and extra storage. This home is listed as a crawl space, but this is not your average crawl- dry and completely covered in a vapor barrier, there is also plenty of room for storage down here. Outside, there is a large shed with a loft and countertops for a workspace. To top it off, the community beach is just a short walk down the road. Enjoy summers full of swimming and fireworks you can see right from your front porch. Make this beautiful home yours now and be settled in to enjoy lake living in the summer.

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

Annual Financial Highlights

Expected Rent

$38,532

Expenses

-$8,328

Property Taxes

-$3,620

Loan Payments

-$17,935

Net Cash Flow

$8,649

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

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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:Krista Davies
Remerica United Realty-Brighton
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240086877
Last Updated: 11/18/2024 19:11
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