15611 Leona Dr
Redford, MI 48239
List Price
$155,000
Initial Investment
$42,238Purchase Price
$155,000
Down Payment
25%
Rent
$1,430
Total Return
$125,072
Annualized Return
32.0%
Cap Rate
6.0%
Gross Yield
11.1%
Cash Flow
$286
Appreciation
12.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,792
HOA
None
Flood Risk
Not Required
Welcome to this beautifully appointed Redford bungalow! Featuring a custom kitchen with a unique breakfast bar, excellent storage, and hardwood floors throughout, this home combines charm with functionality. Enjoy the spacious layout, including a traditional living room, dining room, and a large family room at the back of the house. With 3 bedrooms and 2 full baths, including a partially finished basement with a full bath and laundry room, there's space for everyone. Freshly painted with newer roof, windows, furnace, and water heater, this plaster home is move-in ready. Relax on the covered front porch, and explore nearby downtown Redford and serene Lola Valley Park. Don't miss this gem!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$16,302Expenses
-$3,239Property Taxes
-$4,350Loan Payments
-$8,427Net Cash Flow
$286See 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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SourceGreater Kalamazoo
MLS #24061341
Last Updated: 11/30/2024 21:11
MLS #24061341
Last Updated: 11/30/2024 21:11