15340 Stout St

Detroit, MI 48223
image0

3 bd, 1 ba | 1,586 sqft | Built in 1924

slider image
slider image
slider image

Favorite

List Price
$62,000

Initial Investment

$16,895

Purchase Price

$62,000

Down Payment

25%

Rent

$1,040

Total Return

$27,405

Annualized Return

25.0%

Cap Rate

10.0%

Gross Yield

20.1%

Cash Flow

$2,128

Appreciation

4.7%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,792

HOA

None

Flood Risk

Not Required

This large beautiful is just waiting for your finishing touches. Located just a short drive of many stores and grocers for your convenience. Schedule an appointment today. Purchaser to pay a $495 transaction fee at closing.

MARKETS

View Stats

NEIGHBORHOOD

SCHOOLS

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

Annual Financial Highlights

Expected Rent

$11,856

Expenses

-$3,667

Property Taxes

-$2,690

Loan Payments

-$3,371

Net Cash Flow

$2,128

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.
View Options

Similar Listings



Listing Courtesy of:Kenneth Evans
Reach Realty Group
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240087467
Last Updated: 11/20/2024 17:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.