6137 Radnor St

Detroit, MI 48224
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3 bd, 1 ba | 1,102 sqft | Built in 1946

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List Price
$69,900

Initial Investment

$19,048

Purchase Price

$69,900

Down Payment

25%

Rent

$1,110

Total Return

$40,509

Annualized Return

31.1%

Cap Rate

11.1%

Gross Yield

19.1%

Cash Flow

$3,176

Appreciation

6.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,227

HOA

None

Flood Risk

Not Required

Recently cleaned up and updated! New carpet in the lower bedrooms. Newer roof. The house has some newer windows. The boards are to protect it while it is vacant. Fresh paint. Nice Brick Bungalow on Detroit's East Side just minutes from Major freeways and downtown. Home is move in ready. Just bring your finishing touches. Big back yard perfect for entertaining. Perfect as a rental property or a family home. Buyer to pay compliance fee to Imagine Home Realty at close. Buyer's agent to verify all information. Room sizes estimated. Thank you for checking our listing.

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

$12,654

Expenses

-$3,778

Property Taxes

-$1,900

Loan Payments

-$3,800

Net Cash Flow

$3,176

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:Dennis Rutowski
Imagine Home Realty
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240071226
Last Updated: 09/22/2024 10:09
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.