1150 JEFFERSON ST

LAPEER, MI 48446
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2 bd, 1.5 ba | 1,500 sqft | Built in 1954

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List Price
$219,900

Initial Investment

$59,923

Purchase Price

$219,900

Down Payment

25%

Rent

$1,530

Total Return

$137,549

Annualized Return

27.2%

Cap Rate

5.9%

Gross Yield

8.3%

Cash Flow

$282

Appreciation

10.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,970

HOA

None

Flood Risk

Not Required

Charming Updated Brick Ranch with Modern Touches! This beautifully updated brick ranch blends classic charm with modern comforts. Inside, you'll find cove ceilings, solid core wood doors, and recessed lighting, creating a warm and inviting atmosphere. The spacious living room features a fireplace, perfect for cozy evenings. The stylish kitchen boasts granite counters, a tiled backsplash, and all appliances included. With 1.5 baths and a laundry room that could be converted into a third bedroom, this home offers flexibility to fit your needs. Enjoy radiant floor heating throughout, adding comfort during colder months. The attached finished garage provides extra space plus a staircase upstairs for storage in the attic. Step outside to a private fenced backyard with a patio, ideal for entertaining or relaxing. This move-in-ready home is a must-see-schedule your showing today!

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

Annual Financial Highlights

Expected Rent

$17,442

Expenses

-$3,105

Property Taxes

-$2,100

Loan Payments

-$11,955

Net Cash Flow

$282

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:Jack Combs
Keller Williams Realty Lakeside
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #58050166608
Last Updated: 02/14/2025 18:02
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