28136 Fairfax St

Southfield, MI 48076
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3 bd, 1 ba | 1,005 sqft | Built in 1956

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List Price
$159,900

Initial Investment

$43,573

Purchase Price

$159,900

Down Payment

25%

Rent

$1,660

Total Return

$90,372

Annualized Return

27.5%

Cap Rate

8.0%

Gross Yield

12.5%

Cash Flow

$3,308

Appreciation

7.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,663

HOA

None

Flood Risk

Not Required

Nice ranch with 3 bedrooms and 1 bath, fresh painted, newer furnace and hot water tank, central air condition, engineering wood floor throughout, perfect for the small size homebuyer located in highly sought after Southfield city with good school. Easy access to I-696. Quiet and nice neighborhood. Welcome to check out this charming home.

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

$18,924

Expenses

-$4,023

Property Taxes

-$2,900

Loan Payments

-$8,693

Net Cash Flow

$3,308

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:Amy Shihua Tian
Community Choice Realty Inc
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240089141
Last Updated: 11/28/2024 11:11
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.