3982 Townsend St

Detroit, MI 48214
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3 bd, 1 ba | 1,428 sqft | Built in 1913

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List Price
$110,000

Initial Investment

$29,975

Purchase Price

$110,000

Down Payment

25%

Rent

$1,840

Total Return

$80,890

Annualized Return

36.5%

Cap Rate

11.5%

Gross Yield

20.1%

Cash Flow

$5,630

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Spacious and recently renovated 3 bedroom home in an up-and-coming neighborhood. Owner has brought this older home up to speed with a new boiler system, new hot water tank, new plumbing and a highly important new sewer lateral from the basement all the way to the sewer main under the ally way. Brand new roof over your head while you design all the fun parts. Owner has made a great head start in the bathroom with a renewed clawfoot bathtub and in the kitchen with new butchers block countertops and cabinetry. Pine hardwood flooring set for refinishing. Seller is highly motivated and willing to negotiate in the neighboring side lots. 8 acre park in your back yard and Belle Isle is a bike ride away. Historic West IndVillage neighborhood, downtown Detroit and the Eastern Market are all less than 10 minutes away.

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

Annual Financial Highlights

Expected Rent

$20,976

Expenses

-$6,266

Property Taxes

-$3,100

Loan Payments

-$5,980

Net Cash Flow

$5,630

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:Luquandra Robinson
Front Page Properties
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240086670
Last Updated: 11/18/2024 11:11
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