44628 Gwinnett Loop
Novi, MI 48377
List Price
$294,900
Initial Investment
$80,360Purchase Price
$294,900
Down Payment
25%
Rent
$2,170
Total Return
$89,944
Annualized Return
16.0%
Cap Rate
5.4%
Gross Yield
8.8%
Cash Flow
-$1,048
Appreciation
5.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Property Type
Townhouse
Lot Size
1,156,483
HOA
$0/mo
Flood Risk
Not Required
End Unit!! Nice EAST facing condo in a great area of Novi with Novi Schools in the middle of all the shopping, restaurants, threaters and close to all freeways. Townhome Style condo (No neighbor below or above you); Features: 2 bedrooms, 1.5 baths, Kitchen with all appliances (Newer Refrigerator New Electric Stove, Microwave, Dishwasher); New Washer & Dryer; Ceramic tile in kitchen, laundry and all baths. Hood above stove with vent out to the outside. Master bedroom with walk in closet. New Paint, New hot water tank. Laminate engineered wood floors on both the first and second floor. Carpet is only on stairs. Some new blinds. Balcony off kitchen nook; Living room; Second floor laundry; 1.5 attached side entry garage; Central air; HOA fee includes community pool, club house, Lawn maintenance, Snow removal and trash. Move in condition! MUST SEE!!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$24,738Expenses
-$4,403Property Taxes
-$5,350Loan Payments
-$16,032Net Cash Flow
-$1,048See 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:Alex Safadi
Internet Real Estate, Inc
Internet Real Estate, Inc
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 #20250017514
Last Updated: 03/17/2025 10:03
MLS #20250017514
Last Updated: 03/17/2025 10:03