19507 Pinehurst St

Detroit, MI 48221
image0

3 bd, 1.5 ba | 1,460 sqft | Built in 1952

slider image
slider image
slider image

Favorite

List Price
$120,000

Initial Investment

$32,700

Purchase Price

$120,000

Down Payment

25%

Rent

$1,650

Total Return

$102,676

Annualized Return

38.7%

Cap Rate

10.7%

Gross Yield

16.5%

Cash Flow

$5,399

Appreciation

10.2%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,356

HOA

None

Flood Risk

Not Required

Large 4 bedroom brick colonial kitty corner from Van Antwerp Park, which includes 2 new full size basketball courts, new playscapes, and much more! The home also boasts a 2.5 car garage and a privacy fence securing the entire back yard. This home is nearly move in ready, and it would be an amazing home for an owner occupant, or an investor looking for strong rents! Security alarms and cameras are connected to emergency services for fast police response. Supportive neighbors keep an eye on the property. Buyer to pay 495 transaction fee to listing broker at closing.

MARKETS

View Stats

NEIGHBORHOOD

SCHOOLS

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$18,810

Expenses

-$4,947

Property Taxes

-$1,940

Loan Payments

-$6,524

Net Cash Flow

$5,399

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.
View Options

Similar Listings



Listing Courtesy of:Lawrence Else
Downtown Realty
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240087507
Last Updated: 11/20/2024 19:11
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.