172 Lakewood St

Detroit, MI 48215
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5 bd, 2 ba | 1,707 sqft | Built in 1924

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List Price
$139,900

Initial Investment

$38,123

Purchase Price

$139,900

Down Payment

25%

Rent

$1,890

Total Return

$88,414

Annualized Return

30.9%

Cap Rate

9.4%

Gross Yield

16.2%

Cash Flow

$4,436

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,534

HOA

None

Flood Risk

High Risk - Zone AE

CANAL FRONT COLONIAL IN DETROIT , OVER 1700 SQUARE FEET OF LIVING SPACE, 5 BEDROOMS AND 2 FULL BATHS , HOME IS IN NEED OF REPARIS , CASH OFFERS ONLY , NEARBY NEW FORD PARK COMING IN 2025 SCHEDULE YOUR APPOINTMENT TODAY, ROOM SIZES ESTIMATED, INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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

Annual Financial Highlights

Expected Rent

$21,546

Expenses

-$5,604

Property Taxes

-$3,900

Loan Payments

-$7,606

Net Cash Flow

$4,436

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:Andrew Tymrak
RE/MAX First
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240084517
Last Updated: 11/08/2024 16:11
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.