1187 Lawrence St
Detroit, MI 48202
List Price
$109,900
Initial Investment
$29,948Purchase Price
$109,900
Down Payment
25%
Rent
$1,580
Total Return
$73,065
Annualized Return
32.7%
Cap Rate
10.0%
Gross Yield
17.3%
Cash Flow
$4,165
Appreciation
8.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
3,920
HOA
None
Flood Risk
Not Required
Investment Opportunity! Much of the rehab has been completed. This 4 bed 1.5 bath colonial just needs the finishing touches to make it complete. Schedule a tour today!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$18,012Expenses
-$4,873Property Taxes
-$3,000Loan Payments
-$5,975Net Cash Flow
$4,165See 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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Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
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AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240090245
Last Updated: 12/04/2024 18:12
MLS #20240090245
Last Updated: 12/04/2024 18:12