$155000
Rent: $1500/mo
Turnkey
Model
Detroit
Market
Single Family Home
Property Type
B+
Neighborhood Classification
3
Bedrooms
1
Baths
7.76
Cap Rate
7.38
Cash-on-Cash*
1000
Sq. Footage
1955
Year
Monthly Cash-Flow*
Property Description
2-car garage, 1000 sq ft
Eastpointe, MI offers relatively affordable real estate compared to neighboring areas, making it an attractive option for first-time investors or those looking for budget-friendly opportunities.
Steady Appreciation: Historically, Eastpointe has experienced steady property appreciation. This can setup investors with potentially long-term capital gains as property values continue to rise
Proximity to Employment Centers: Eastpointe’s proximity to Detroit can be a major advantage. As Detroit experiences revitalization and economic growth, the positive impact often extends to surrounding areas, including Eastpointe. Investors may benefit from the economic opportunities and increased demand for housing in the region
Strong Rental Market: The area’s affordability and demand for rental properties can create favorable conditions for investors seeking rental income
Property Video Tour
*Cash Flow Assumptions
Note: Mortgage interest rates change daily and this estimate may not be reflective of the rate you are quoted. Please ensure you run the numbers at your quoted rate to ensure accurate cash flow.
Note: Maintenance and vacancy estimates are not taken out of your monthly distribution. They are simply estimates to account for realistic expenses you will run into along the way so you can have a more accurate estimated return.
How To Buy
We’ll get back to you quickly and confirm if you have any questions about the property or if you’re ready for an introduction to the seller.
We’ll introduce you to the seller. After all of your questions are answered, you’ll be sent a sales contract and earnest money instructions.
You’re off to the races! We’ll stay alongside you throughout your entire buying experience to help ensure everything goes smoothly with your purchase.
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