20030 Winthrop St
Detroit, MI 48235
List Price
$85,000
Initial Investment
$23,163Purchase Price
$85,000
Down Payment
25%
Rent
$1,430
Total Return
$53,047
Annualized Return
33.1%
Cap Rate
11.6%
Gross Yield
20.2%
Cash Flow
$4,229
Appreciation
6.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
13,068
HOA
None
Flood Risk
Not Required
Take a look at this Westside Investor Special - The opportunity is just waiting for you!
Located in a quiet and nice family-friendly neighborhood down the street from Viola Liuzzo Park. Do not wait too long or you will miss out on the 5 bedrooms and 2 full bathrooms (one on each level) that this property has to offer. There is plenty of interior space for you to add your finishing touches and bring to life its full potential. A detached garage and fenced in backyard offers plenty of options for you to enhance the curb appeal.
You can choose to upgrade now or wait and collect the monthly rent. Choose to collect passive monthly income or do some renovations and flip. The neighborhood is up-and-coming so seize your opportunity now.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$16,302Expenses
-$5,052Property Taxes
-$2,400Loan Payments
-$4,621Net Cash Flow
$4,229See 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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Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
Trelora Realty, Inc.
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SourceGreater Kalamazoo
MLS #24020673
Last Updated: 05/01/2024 07:05
MLS #24020673
Last Updated: 05/01/2024 07:05