17183 Griggs St

Detroit, MI 48221
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4 bd, 1 ba | 1,250 sqft | Built in 1929

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List Price
$115,000

Initial Investment

$31,338

Purchase Price

$115,000

Down Payment

25%

Rent

$1,240

Total Return

$78,996

Annualized Return

30.2%

Cap Rate

7.4%

Gross Yield

12.9%

Cash Flow

$1,520

Appreciation

10.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,920

HOA

None

Flood Risk

Not Required

Large West Side brick bungalow located in Detroit's redhot 48221 zip code and Tri-Point neighborhood. This area is filled with rehabs and development. Features 4 bedrooms and 1 bathroom. Main level has generous sized living, dining and kitchen. Perfect for all buyers! live in it, rent it out or flip it! Don't miss your chance to get in on the action! MUST SEE.

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NEIGHBORHOOD

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

Annual Financial Highlights

Expected Rent

$14,136

Expenses

-$3,214

Property Taxes

-$3,150

Loan Payments

-$6,252

Net Cash Flow

$1,520

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:Mikhail Grigoryan
Detroit Progress Realty LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240088482
Last Updated: 11/26/2024 11:11
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.