4530 East Rd

Leonard, MI 48367
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5 bd, 1 ba | 1,517 sqft | Built in 1880

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List Price
$159,000

Initial Investment

$43,328

Purchase Price

$159,000

Down Payment

25%

Rent

$1,880

Total Return

$89,672

Annualized Return

29.0%

Cap Rate

9.3%

Gross Yield

14.2%

Cash Flow

$5,211

Appreciation

6.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

This is a great investment opportunity or remodel for your family. 5 bedroom home with large living room, dining room and kitchen, one main floor bedroom. Dining area with patio door to the back. Nice size yard for kids and animals. Gazebo in the back for rainy nights or sunny days. Huge shed/barn for storage, with power. Next door to Leonard Elementary School.

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

$21,432

Expenses

-$4,927

Property Taxes

-$2,650

Loan Payments

-$8,644

Net Cash Flow

$5,211

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:Shelley Braxton
Braxton Brokers & Associates Real Estate
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240089232
Last Updated: 11/29/2024 21:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.