22131 Nevada Ave

Eastpointe, MI 48021
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2 bd, 1 ba | 840 sqft | Built in 1940

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List Price
$140,900

Initial Investment

$38,395

Purchase Price

$140,900

Down Payment

25%

Rent

$1,130

Total Return

$68,522

Annualized Return

22.8%

Cap Rate

5.8%

Gross Yield

9.6%

Cash Flow

-$170

Appreciation

8.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,663

HOA

None

Flood Risk

Not Required

This cute updated starter home has what you need. Whole house updated in 2023 with New Kitchen cabinetry, countertop, and light fixtures, new stainless steel stove, Updated bathroom, finished basement, new hardwood floors throughout , updated electrical and plumbing, new trim, new exterior paint, finished garage, vinyl siding on Garage is brand new. Hot tub on the patio.

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

$12,882

Expenses

-$2,502

Property Taxes

-$2,890

Loan Payments

-$7,660

Net Cash Flow

-$170

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:Tone Holland
The Holland Realty Group
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250017770
Last Updated: 03/19/2025 10:03
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.