5585 Cadieux Rd

Detroit, MI 48224
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3 bd, 1 ba | 1,139 sqft | Built in 1940

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List Price
$94,000

Initial Investment

$25,615

Purchase Price

$94,000

Down Payment

25%

Rent

$1,360

Total Return

$51,087

Annualized Return

29.0%

Cap Rate

10.1%

Gross Yield

17.4%

Cash Flow

$3,633

Appreciation

6.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,920

HOA

None

Flood Risk

Not Required

Welcome to this beautiful brick house in the East English Village!! Conveniently located with easy access from freeway I-94 and Chandler Park Dr. Move-in ready!! Freshly painted, beautiful flooring installed in the kitchen, new light fixtures, new carpet on first floor and bedrooms. The kitchen has new cabinets and backsplash. The bathroom has a new toilet and sink. Spacious bedroom upstairs with plenty of space for storage and even a walk-in closet. Schedule your showing today!!! This property is under surveillance.

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$15,504

Expenses

-$4,211

Property Taxes

-$2,550

Loan Payments

-$5,110

Net Cash Flow

$3,633

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:Andreina Mendoza-Herrera
Century 21 Curran & Oberski
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240087377
Last Updated: 11/20/2024 15:11
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.