7405 Cornwall Ct
West Bloomfield, MI 48322
List Price
$375,000
Initial Investment
$102,188Purchase Price
$375,000
Down Payment
25%
Rent
$3,110
Total Return
$121,562
Annualized Return
17.3%
Cap Rate
6.0%
Gross Yield
10.0%
Cash Flow
$869
Appreciation
5.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
17,424
HOA
$67/mo
Flood Risk
Not Required
Sprawling six bedroom ranch with spacious central gathering room and split bedroom wings opening to a private courtyard, ideal for a family or adult foster care. Clean, crisp & welcoming, the house has six bedrooms, and 1.5 barrier free bathrooms. Bright kitchen with solid surface counters, upgraded cabinetry, custom backsplash & stainless appliances. Dual sided fireplace between dining and living rooms, plus a wall-mounted television. Beautiful .40 acre setting, 2 car attached garage, whole house generator and Farmington Schools! Appliances and Furniture are included in sale. Seller is also offering a second adult foster care operation in vicinity.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$35,454Expenses
-$7,448Property Taxes
-$6,750Loan Payments
-$20,387Net Cash Flow
$869See 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:Tracy Wick
National Realty Centers, Inc
National Realty Centers, Inc
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 #20240054179
Last Updated: 07/26/2024 10:07
MLS #20240054179
Last Updated: 07/26/2024 10:07