30845 CHERRY HILL RD

WESTLAND, MI 48186
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3 bd, 1 ba | 1,073 sqft | Built in 1957

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List Price
$195,000

Initial Investment

$53,138

Purchase Price

$195,000

Down Payment

25%

Rent

$1,820

Total Return

$123,444

Annualized Return

27.7%

Cap Rate

6.2%

Gross Yield

11.2%

Cash Flow

$697

Appreciation

10.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,098

HOA

None

Flood Risk

Not Required

VERY NICE THREE BEDROOM WESTLAND RANCH. BATHROOM JUST TOTALLY REDONE. WINDOWS UPDATED IN HOME. DIMENSIONAL SHINGLE ROOF ON HOME. ALL NEW PLANK FLOORING. ALL NEW LED LIGHTING. ALL NEW BIFOLD DOORS THROUGHOUT. NEW BLINDS. UPDATED FURNACE. NICE SIZE LAUNDRY ROOM. ATTIC WITH PULL DOWN STAIRS FOR ADDED STORAGE. OVERSIZE 2.5 CAR GARAGE. FENCED IN BACKYARD. HOME RIGHT ACROSS THE STREET FROM PARK, WALKING TRACK, ICE ARENA AND SOFT BALL FIELDS. CERTIFICATE OF OCCUPANCY HAS ALREADY BEEN OBTAINED FROM THE CITY.

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

$20,748

Expenses

-$4,150

Property Taxes

-$5,300

Loan Payments

-$10,601

Net Cash Flow

$697

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:Edward Laroche, Jr
Vision Realty Centers
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250018247
Last Updated: 03/19/2025 10:03
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