15474 Woodbine

Redford, MI 48239
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3 bd, 1 ba | 929 sqft | Built in 1948

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List Price
$127,777

Initial Investment

$34,819

Purchase Price

$127,777

Down Payment

25%

Rent

$1,290

Total Return

$107,622

Annualized Return

33.7%

Cap Rate

6.9%

Gross Yield

12.1%

Cash Flow

$1,087

Appreciation

12.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

11,326

HOA

None

Flood Risk

Not Required

Very charming, fully updated 3 bedroom bungalow in great location, located next to expressway, minutes to downtown. Freshly painted, new porch, updated cabinets and new flooring in bathroom and kitchen, newer carpet, newer driveway, great for first time home buyers!! Move In for cheaper than renting using MSHDA!!! Call to set an apt today or with any questions!

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$14,706

Expenses

-$3,223

Property Taxes

-$3,450

Loan Payments

-$6,947

Net Cash Flow

$1,087

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:Frank Yaldo
Wilbanks Real Estate
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240090122
Last Updated: 12/04/2024 15:12
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.