8293 Indiana St

Detroit, MI 48204
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3 bd, 1 ba | 1,090 sqft | Built in 1952

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List Price
$95,000

$5K

Initial Investment

$25,888

Purchase Price

$95,000

Down Payment

25%

Rent

$1,360

Total Return

$62,397

Annualized Return

32.2%

Cap Rate

9.9%

Gross Yield

17.2%

Cash Flow

$3,456

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Right on the edge of Dearborn and Aviation Sub, come see why this beautiful brick bungalow is the perfect home for you! Relax in the huge living room with classic refinished hardwood floors, coved ceiling, and oversize window for natural lighting. The durable hardwood floors continue throughout much of the first floor into the dining room, hallway, and two lower bedrooms for a beautiful finish. The kitchen has been fully updated with brand new shaker cabinets, countertop, sink, and luxury vinyl plank flooring. The bathroom is on the main floor and offers a handicap accessible shower, newer flooring, toilet, vanity, and a retro tile finish. The upstairs (3rd) bedroom is a huge bungalow style bedroom with comfortable fresh carpet and plenty of space. The large basement space is unfinished and has lots of potential for storage or additional living & entertaining space. A fenced in backyard allows for a cozy space for the kids, pets, and summer BBQs. Great mechanical improvements like the pex plumbing, vinyl windows, and new water heater / furnace to be installed by closing. Do not disturb the occupants without scheduled appointment

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$15,504

Expenses

-$4,183

Property Taxes

-$2,700

Loan Payments

-$5,165

Net Cash Flow

$3,456

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:Tim Moore
Zest Property Management
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240028520
Last Updated: 05/14/2024 12:05
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