12848 Royal Grand
Redford, MI 48239
List Price
$165,000
Initial Investment
$44,963Purchase Price
$165,000
Down Payment
25%
Rent
$1,570
Total Return
$135,289
Annualized Return
32.6%
Cap Rate
6.3%
Gross Yield
11.4%
Cash Flow
$709
Appreciation
12.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
0
HOA
None
Flood Risk
Not Required
Welcome to 12848 Royal Grand, South Redford's highly sought-after Brady Block neighborhood. With 1,456 sqft of living space, this is one of the larger homes in the area, offering plenty of room to make it your own. This charming property features three spacious bedrooms, 1.5 bathrooms, and a 2-car detached garage, making it a perfect fit for families or those seeking extra space.
The home boasts several updates and features for peace of mind, including a brand-new AC unit installed in November 2023 and lifetime-warrantied windows and gutters. While the interior reflects its classic charm, the property is in excellent mechanical condition, providing a solid foundation for personalization.
As a bonus, the seller is offering a 1-year home warranty. Don't miss the opportunity to own a well-maintained home with great potential in one of South Redford's most desirable neighborhoods.
Schedule your showing today and make this home your own!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$17,898Expenses
-$3,619Property Taxes
-$4,600Loan Payments
-$8,970Net Cash Flow
$709See 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.
Similar Listings
Listing Courtesy of:Tyrone Player II
KW Metro
KW Metro
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240088498
Last Updated: 11/26/2024 11:11
MLS #20240088498
Last Updated: 11/26/2024 11:11