28622 Burning Tree Ln

Romulus, MI 48174
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3 bd, 1 ba | 1,376 sqft | Built in 1973

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List Price
$137,000

Initial Investment

$37,333

Purchase Price

$137,000

Down Payment

25%

Rent

$1,650

Total Return

$96,645

Annualized Return

31.7%

Cap Rate

8.3%

Gross Yield

14.5%

Cash Flow

$2,950

Appreciation

9.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Cosmetic repairs and updating will go a long way to make this house your home! This 3 bedroom home in Romulus has an eat-in kitchen overlooking a spacious fenced back yard, a large utility area with plenty of storage, newer windows, and a newer roof.

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

$18,810

Expenses

-$4,562

Property Taxes

-$3,850

Loan Payments

-$7,448

Net Cash Flow

$2,950

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 Smith
Century 21 Allstar Real Estate Team, Inc in Monroe
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #57050162192
Last Updated: 12/01/2024 23:12
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.