509 N Reese St
South Lyon, MI 48178
List Price
$300,000
Initial Investment
$81,750Purchase Price
$300,000
Down Payment
25%
Rent
$2,590
Total Return
$128,320
Annualized Return
21.6%
Cap Rate
6.5%
Gross Yield
10.4%
Cash Flow
$2,159
Appreciation
6.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Property Type
Townhouse
Lot Size
105,139
HOA
$0/mo
Flood Risk
Not Required
This beautifully maintained condo, built in 2001, features a stylishly remodeled kitchen with an open floor plan, upgraded in 2016 with granite countertops and all-new appliances. The spacious layout includes three bedrooms, two full baths, and two half baths. Enjoy outdoor living with a private deck balcony off the living room and a patio accessible from the finished walk-out basement.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$29,526Expenses
-$5,657Property Taxes
-$5,400Loan Payments
-$16,310Net Cash Flow
$2,159See 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.
Similar Listings
Listing Courtesy of:Hannah Deacon
Shain Park, REALTORS
Shain Park, REALTORS
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 #81025009352
Last Updated: 03/14/2025 08:03
MLS #81025009352
Last Updated: 03/14/2025 08:03