18437 Salem St

Detroit, MI 48219
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2 bd, 2 ba | 1,160 sqft | Built in 1937

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List Price
$85,000

Initial Investment

$23,163

Purchase Price

$85,000

Down Payment

25%

Rent

$1,230

Total Return

$14,387

Annualized Return

12.9%

Cap Rate

10.1%

Gross Yield

17.4%

Cash Flow

$3,152

Appreciation

-0.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,148

HOA

None

Flood Risk

Not Required

Investment opportunity! Conveniently located near main thoroughfares and nearby city of Redford. Two bathrooms! Spacious primary bedroom suite w/shower stall in primary bath. Sliding patio doors to access the backyard from the primary bedroom. Very spacious backyard. Sorry no central air or basement, carport only. Measurements are estimated only, buyer/agent to verify all info. Listing broker to hold EMD.

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NEIGHBORHOOD

SCHOOLS

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

Annual Financial Highlights

Expected Rent

$14,022

Expenses

-$3,949

Property Taxes

-$2,300

Loan Payments

-$4,621

Net Cash Flow

$3,152

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:Sandra McGee
The Home Store Inc.
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240089780
Last Updated: 12/03/2024 10:12
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.