8503 Paige Ave

Warren, MI 48089
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2 bd, 1 ba | 900 sqft | Built in 1940

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List Price
$69,900

Initial Investment

$19,048

Purchase Price

$69,900

Down Payment

25%

Rent

$1,330

Total Return

$56,090

Annualized Return

42.0%

Cap Rate

14.2%

Gross Yield

22.8%

Cash Flow

$5,240

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,792

HOA

None

Flood Risk

Not Required

Exciting Opportunity Awaits! With a touch of TLC, it could transform into your first home or a lucrative investment property! This property features a new roof, new siding and big backyard conveniently located near I-696, schools, shopping centers, and parks, this location offers both convenience and community. Don’t let this chance slip away—homes like this don’t last long!

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

Annual Financial Highlights

Expected Rent

$15,162

Expenses

-$4,822

Property Taxes

-$1,300

Loan Payments

-$3,800

Net Cash Flow

$5,240

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:Nicholas Thwany
TrustLink Real Estate
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240089235
Last Updated: 11/29/2024 18:11
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.