2019 Gray Rd

Lapeer, MI 48446
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5 bd, 2 ba | 2,500 sqft | Built in 2004

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List Price
$210,000

Initial Investment

$57,225

Purchase Price

$210,000

Down Payment

25%

Rent

$3,080

Total Return

$193,771

Annualized Return

42.1%

Cap Rate

11.8%

Gross Yield

17.6%

Cash Flow

$12,026

Appreciation

10.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Home is being sold as is condition and seller will not do any repairs. All offers will be considered. Roof 2015, Siding 2015, windows 2015, septic is 4 years old as well as furnace and air conditioner. Bathrooms remodeled in 2015. This is a home that does need some TLC, and is priced right for those repairs . Submit all offers and seller will consider them all. Seller needs out ASAP

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

$35,112

Expenses

-$9,270

Property Taxes

-$2,400

Loan Payments

-$11,417

Net Cash Flow

$12,026

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:Kary Roerink
Keller Williams Premier
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240088753
Last Updated: 11/27/2024 11:11
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.