21865 S Tuller Ct

Southfield, MI 48076
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3 bd, 1 ba | 1,780 sqft | Built in 1954

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List Price
$254,900

Initial Investment

$69,460

Purchase Price

$254,900

Down Payment

25%

Rent

$2,290

Total Return

$126,931

Annualized Return

24.0%

Cap Rate

6.6%

Gross Yield

10.8%

Cash Flow

$2,047

Appreciation

7.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

13,939

HOA

None

Flood Risk

Not Required

Very nicely updated large bungalow on a third acre roughly pie shaped lot on a quiet court street. Huge amount of off street parking. Kitchen features newer whte Shaker style cabinets, granite counters, recessed lights and undermount stainless steel sink. Large family room/breakfast area with recessed lights and doorwall to huge patio and large yard with 160' width across back Separate formal dining room with kitchen passthrough opening. Living room has coved ceiling and corner marble faced fireplace. New flooring throughout including new carpet in bedrooms. New paint and fixtures throughout. Room sizes are estimates. Bathroom features full custom ceramic tile walls with glass accent strip, pedestal sink and newer fixtures. 2 nice size bedrooms down. First floor laundry with newer hwh. Large attached garage with dual openers. Huge upper primary bedroom with walkin closet off upper landing and another lighted walkin closet with mirrored doors. Vinyl windows. Seller will supply new kitchen appliances but ONLY if it's negotiated in your offer. Owner is a licensed broker in the state of Michigan.

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

Annual Financial Highlights

Expected Rent

$26,106

Expenses

-$5,112

Property Taxes

-$5,090

Loan Payments

-$13,858

Net Cash Flow

$2,047

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:John Graham
John Graham Realty, LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250016651
Last Updated: 03/13/2025 03:03
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