22085 Elmwood Ave
Eastpointe, MI 48021
List Price
$165,000
Initial Investment
$44,963Purchase Price
$165,000
Down Payment
25%
Rent
$1,430
Total Return
$87,680
Annualized Return
25.0%
Cap Rate
6.6%
Gross Yield
10.4%
Cash Flow
$1,202
Appreciation
8.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
0
HOA
None
Flood Risk
Not Required
Welcome home! This captivating 4-bedroom, 2-bathroom home exudes charm and functionality. Step inside to find freshly painted walls, refinished wood floors, and new carpeting throughout. One of the 2 kitchens is updated with butcher block countertops and a custom backsplash, inviting culinary creativity. Upstairs, a bonus mother-in-law suite offers versatility and privacy. Open House Sunday May 5, 11-2pm MULTIPLE OFFERS RECEIVED HIGHEST & BEST DUE 5/5 @2:00PM
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$16,302Expenses
-$3,130Property Taxes
-$3,000Loan Payments
-$8,970Net Cash Flow
$1,202See 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 #58050140410
Last Updated: 05/06/2024 12:05
MLS #58050140410
Last Updated: 05/06/2024 12:05