30828 Marshall St

Southfield, MI 48076
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3 bd, 2 ba | 1,104 sqft | Built in 1949

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List Price
$245,000

Initial Investment

$66,763

Purchase Price

$245,000

Down Payment

25%

Rent

$1,800

Total Return

$106,769

Annualized Return

20.8%

Cap Rate

5.4%

Gross Yield

8.8%

Cash Flow

-$902

Appreciation

7.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,148

HOA

None

Flood Risk

Not Required

Home for the holidays! Charming 3-bedroom, 2-bathroom ranch in the heart of it all! Located in the highly sought-after BIRMINGHAM school district, conveniently close to highways, shopping, and hospitals. Originally remodeled in 2016, this home combines modern updates with classic charm, including coved ceilings and arched doorways. Spacious living room with great natural light & original hardwoods (under carpet). Freshly painted (2024) and updated throughout including fixtures, flooring, electrical, plumbing, and hot water heater (2016). The kitchen offers generous cabinet space and a sun-filled breakfast nook, A standout feature is the fabulous flex room, which can be adapted to suit your needs—whether as a dining room, playroom, or a second living area. Primary bedroom is spacious and includes a walk-in closet. 2 additional bedrooms with neutral colors and ample closet space. Remodeled main bath with tiled shower. The finished basement offers additional living space, ideal for a family room, game room, or home office, plus plenty of storage. The second bathroom (2015) features a walk-in shower for added convenience. Brand new furnace and central air (2019). Energy star windows, new doors, basement glass block windows, and deep attic insulation contribute to the home's overall efficiency. All appliances are included. Attached 1 car garage (new door 2016) with opener and large yard. This home has been well maintained and it shows. Prime location, walking distance to restaurants and close to downtown Royal Oak, Birmingham, and Detroit. Fabulous opportunity for Birmingham schools with Southfield mailing. Move in ready and keys at closing, enjoy the holidays & new year in your new home!

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$20,520

Expenses

-$3,653

Property Taxes

-$4,450

Loan Payments

-$13,319

Net Cash Flow

-$902

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:Tracey Stemen
Brookstone, Realtors LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240087206
Last Updated: 11/20/2024 05:11
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