502 White Ave
Lincoln Park, MI 48146
List Price
$164,900
Initial Investment
$44,935Purchase Price
$164,900
Down Payment
25%
Rent
$2,270
Total Return
$121,216
Annualized Return
34.2%
Cap Rate
9.6%
Gross Yield
16.5%
Cash Flow
$5,761
Appreciation
9.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
9,148
HOA
None
Flood Risk
Not Required
PRIMARY/INVESTMENT OPPORTUNITY AT 502 WHITE AVE, LINCOLN PARK! NEARLY 1600 SQFT OF LIVING SPACE OFFERS FLEXIBLE USE AS A DUPLEX OR SINGLE-FAMILY HOME. THIS FRESHLY UPDATED PROPERTY FEATURES 3 BEDROOMS, 2 BATHS, A HUGE ABOVE-GROUND POOL, AND SITS ON A DOUBLE LOT. LOCATED NEAR MAJOR HIGHWAYS FOR EASY ACCESS.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$25,878Expenses
-$6,552Property Taxes
-$4,600Loan Payments
-$8,965Net Cash Flow
$5,761See 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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Certified Agent Brokerage:Christopher Stjernholm
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AZ Brokerage License BR689329000
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SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250016953
Last Updated: 03/14/2025 10:03
MLS #20250016953
Last Updated: 03/14/2025 10:03