15719 Marlowe St
Detroit, MI 48227
List Price
$149,900
Initial Investment
$40,848Purchase Price
$149,900
Down Payment
25%
Rent
$1,250
Total Return
$34,840
Annualized Return
12.9%
Cap Rate
5.4%
Gross Yield
10.0%
Cash Flow
-$772
Appreciation
4.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,792
HOA
None
Flood Risk
Not Required
SCHEDULE YOUR SHOWING TODAY! THIS LARGE 3 BEDROOM HOME IN THE BELMONT NEIGHBORHOOD HAS JUST BEEN UPDATED AND IS READY FOR IT'S NEW FAMILY! ON THE MAIN FLOOR YOU WILL FIND THE SPACIOUS LIVING ROOM AND DINING ROOM; THE UPDATED KITCHEN HAS RECEIVED NEW FLOORING AS WELL AS CABINETS, SINK AND FIXTURES. ON THE SECOND FLOOR ARE THREE ROOMY BEDROOMS AND FULL BATHROOM. THE BATHROOM HAS NEW FLOORING, SINK AND FIXTURES. THE LARGE REAR YARD IS WAITING FOR YOUR FINISHING TOUCHES AND HAS PLENTY OF ROOM FOR OUTDOOR GATHERINGS. NEW STEEL ENTRY DOORS HAVE ALSO BEEN INSTALLED. B.A.T.V.A.I. A LICENSED AGENT MUST ACCOMPANY ALL SHOWINGS, NO EXCEPTIONS
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$14,250Expenses
-$2,822Property Taxes
-$4,050Loan Payments
-$8,149Net Cash Flow
-$772See 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:Philip Whitworth
Grant and Main, LLC
Grant and Main, LLC
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 #81024060330
Last Updated: 11/21/2024 01:11
MLS #81024060330
Last Updated: 11/21/2024 01:11