594 E Barrett Ave

Madison Heights, MI 48071
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2 bd, 1 ba | 768 sqft | Built in 1956

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List Price
$149,900

Initial Investment

$40,848

Purchase Price

$149,900

Down Payment

25%

Rent

$1,490

Total Return

$82,599

Annualized Return

26.6%

Cap Rate

7.6%

Gross Yield

11.9%

Cash Flow

$2,446

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,225

HOA

None

Flood Risk

Not Required

Wonderful 2 bedroom home now available in the heart of Madison Heights. Nicely sized kitchen with ceramic tile floors and attached dinning area. 2 bedroom and a full bath just down the hall. Laundry area include washer and dryer. Detached 1.5 car garage and a fully fenced yard make this one great! Don't miss out inventory is scarce!

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NEIGHBORHOOD

SCHOOLS

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

Annual Financial Highlights

Expected Rent

$16,986

Expenses

-$3,691

Property Taxes

-$2,700

Loan Payments

-$8,149

Net Cash Flow

$2,446

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:Amie Leszczynski
Amie Leszczynski
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250017180
Last Updated: 03/14/2025 18:03
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.