2065 Morris Ave
Lincoln Park, MI 48146
List Price
$149,000
Initial Investment
$40,603Purchase Price
$149,000
Down Payment
25%
Rent
$1,270
Total Return
$78,853
Annualized Return
23.9%
Cap Rate
5.5%
Gross Yield
10.2%
Cash Flow
-$572
Appreciation
9.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,312
HOA
None
Flood Risk
Not Required
Welcome to 2065 Morris located in the Dix Blvd Villas neighborhood, bridging the Allen Park and Lincoln Park communities. This fully renovated 1.5-story bungalow is move-in ready with new ceramic tile flooring and carpet throughout, alongside new stainless steel appliances, cabinets, washer & dryer, furnace (2024), and water heater (2024). Exterior features include a newly poured concrete driveway leading to a spacious 2-car garage that is in spectacular condition. With immediate occupancy and recent city approval, this home can be yours before 2024 ends! - BATVAI
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$14,478Expenses
-$2,900Property Taxes
-$4,050Loan Payments
-$8,100Net Cash Flow
-$572See 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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SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #58050161802
Last Updated: 11/23/2024 09:11
MLS #58050161802
Last Updated: 11/23/2024 09:11