1811 23rd St

Port Huron, MI 48060
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4 bd, 1 ba | 1,131 sqft | Built in 1970

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List Price
$99,900

Initial Investment

$27,223

Purchase Price

$99,900

Down Payment

25%

Rent

$1,240

Total Return

$85,890

Annualized Return

37.5%

Cap Rate

9.7%

Gross Yield

14.9%

Cash Flow

$3,554

Appreciation

11.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Wow! A rare 4 bedroom find on the south side of town near schools, and easy access to the expressway. Attention all investors or first time home buyers! This ranch offers 1131 sq feet of living space and 4 bedrooms, perfect for investors. The home is currently occupied with an excellent tenant and track record of 12 years. The home will require some updating and TLC but it is priced to sell.

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NEIGHBORHOOD

SCHOOLS

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

Annual Financial Highlights

Expected Rent

$14,136

Expenses

-$3,491

Property Taxes

-$1,660

Loan Payments

-$5,431

Net Cash Flow

$3,554

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:Steven Marcero
Real Estate One Port Huron
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #58050161736
Last Updated: 11/22/2024 18:11
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.