39127 Lea Ct
Sterling Heights, MI 48313
List Price
$275,000
Initial Investment
$74,938Purchase Price
$275,000
Down Payment
25%
Rent
$2,090
Total Return
$110,182
Annualized Return
19.5%
Cap Rate
5.2%
Gross Yield
9.1%
Cash Flow
-$1,484
Appreciation
7.5%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
0
HOA
None
Flood Risk
Not Required
Welcome to this beautifully updated 3-bedroom, 1.5-bath ranch, perfectly situated next to Dodge Park! This home boasts modern interior with tasteful updates throughout, ensuring move-in readiness and comfort. New roof (12/2018), HWT (11/2024), A/C unit (2021), and all new stainless steel appliances within 2 years. The spacious layout includes a finished basement with a half bath
already plumbed for a shower, ideal for additional living space or entertaining. Enjoy the convenience of a 2-car attached garage, making Michigan winters a breeze. Fully fenced in backyard. Don't miss this rare opportunity to own a meticulously maintained home in the heart of Sterling Heights. Schedule your showing today!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$23,826Expenses
-$4,270Property Taxes
-$6,090Loan Payments
-$14,950Net Cash Flow
-$1,484See 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:Nysrete Lleshaj
@properties Christie's Int'l R.E. Birmingham
@properties Christie's Int'l R.E. Birmingham
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240089512
Last Updated: 12/03/2024 11:12
MLS #20240089512
Last Updated: 12/03/2024 11:12