1672 RICHMOND AVE
LINCOLN PARK, MI 48146
List Price
$139,900
Initial Investment
$38,123Purchase Price
$139,900
Down Payment
25%
Rent
$1,300
Total Return
$78,532
Annualized Return
25.4%
Cap Rate
6.2%
Gross Yield
11.2%
Cash Flow
$309
Appreciation
9.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
5,227
HOA
None
Flood Risk
Not Required
This beautifully updated 2-bedroom residence offers a harmonious blend of comfort and modern amenities, making it the perfect sanctuary for you and your loved ones. The living room and dining room boast new carpeting and fresh paint, creating a warm and inviting atmosphere for relaxation and entertainment. The fully finished basement expands your living space and includes a full bathroom and newly installed glass block windows, enhancing both comfort and security. Situated on a nicely sized lot, the property offers ample outdoor space for gardening, recreation, or future enhancements. This home has been meticulously updated throughout, ensuring a move-in-ready experience for the new owners!
HIGHEST AND BEST DUE TODAY 4/1 at 2PM!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$14,820Expenses
-$3,105Property Taxes
-$3,800Loan Payments
-$7,606Net Cash Flow
$309See 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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Certified Agent Brokerage:Christopher Stjernholm
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SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250001367
Last Updated: 04/07/2025 14:04
MLS #20250001367
Last Updated: 04/07/2025 14:04