9108 Cloverlawn St
Detroit, MI 48204
List Price
$90,000
Initial Investment
$24,525Purchase Price
$90,000
Down Payment
25%
Rent
$1,140
Total Return
$53,961
Annualized Return
29.2%
Cap Rate
8.7%
Gross Yield
15.2%
Cash Flow
$2,304
Appreciation
8.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
0
HOA
None
Flood Risk
Not Required
Welcome to this charming 3-bedroom, 1-bath brick bungalow, move-in ready with updates throughout! Freshly painted with lots of natural lighting, this home boasts beautiful hardwood floors and an updated kitchen and bath. The full basement is ready for finishing to suit your needs. Plus, this home qualifies for the $25k Detroit Down Payment Assistance Program. Don’t miss this opportunity!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$12,996Expenses
-$3,249Property Taxes
-$2,550Loan Payments
-$4,893Net Cash Flow
$2,304See 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.
Similar Listings
Listing Courtesy of:Sade Harper
EXP Realty LLC
EXP Realty LLC
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 #20240054379
Last Updated: 07/26/2024 15:07
MLS #20240054379
Last Updated: 07/26/2024 15:07