20022 Hubbell St

Detroit, MI 48235
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3 bd, 1.5 ba | 1,020 sqft | Built in 1947

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List Price
$115,000

Initial Investment

$31,338

Purchase Price

$115,000

Down Payment

25%

Rent

$1,190

Total Return

$47,230

Annualized Return

21.2%

Cap Rate

7.0%

Gross Yield

12.4%

Cash Flow

$1,100

Appreciation

6.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,356

HOA

None

Flood Risk

Not Required

Well-maintained 3-bedroom, 1.5-bath brick bungalow featuring spacious rooms and timeless character. This home offers a full basement, perfect for extra storage or potential living space. The large, fenced yard is ideal for outdoor activities or entertaining. With great bones, this property is perfect for first-time home buyers or investors looking to add value. Whether you’re looking to settle in or invest, this bungalow offers plenty of potential and charm. BATVAI

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

$13,566

Expenses

-$3,014

Property Taxes

-$3,200

Loan Payments

-$6,252

Net Cash Flow

$1,100

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:Danielle Dunham
EXP Realty LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240084572
Last Updated: 11/08/2024 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.