24924 Grove Ave
Eastpointe, MI 48021
List Price
$127,000
Initial Investment
$34,608Purchase Price
$127,000
Down Payment
25%
Rent
$1,410
Total Return
$79,315
Annualized Return
29.8%
Cap Rate
8.6%
Gross Yield
13.3%
Cash Flow
$3,153
Appreciation
8.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
5,663
HOA
None
Flood Risk
Not Required
This charming 3-bedroom bungalow seamlessly blends simplicity with comfort, making it an ideal choice for those seeking a cozy and affordable home. Recently upgraded, this residence ensures a move-in-ready experience. Whether you’re a first-time homebuyer or looking to downsize, this property offers exceptional value without compromising on quality. Don’t miss the opportunity to own a beautiful home that perfectly balances affordability and comfort.
Updates include: Furnace Approx 9yr , Water heater 9yr, Central AC Approx 9yr, Newer lights fixtures Fresh paint throughout , Main floor carpet 2024 , Deck Freshly painted
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$16,074Expenses
-$3,717Property Taxes
-$2,300Loan Payments
-$6,904Net Cash Flow
$3,153See 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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Certified Agent Brokerage:Christopher Stjernholm
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AZ Brokerage License BR689329000
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SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240088944
Last Updated: 11/28/2024 11:11
MLS #20240088944
Last Updated: 11/28/2024 11:11