x
Showing 1 of 0
X

Get more info about this property

Realty Executives Regional Office (Rochester)
2538 South Rochester Road
Rochester Hills, MI, US 48307
248-852-2200

Active

695 S BRIARVALE Drive
Auburn Hills MI 48326 US

5 Bed, 3.00 Bath (2 Full Bath , 1 Half Bath), 2,296 sqft

#217014672

Courtesy of: Stephanie Janiga, Keller Williams Advantage

$225,000

695 S BRIARVALE Drive ATTENTION INVESTORS! TURNKEY RENTAL OPPORTUNITY W/ LONG TERM LEASE IN PLACE W/ WONDERFUL TENANTS! PLEASE DO NOT DISTURB TENANTS, SHOWINGS AVAILABLE W/ PRE-APPROVAL. CURRENT RENT IS $1,750/MONTH, INCREASING TO $1,802.50 IN JUNE OF 2017 AND TO $1,856.58 IN JUNE OF 2018. LOW TAXES AND LOW MAINTENANCE COSTS IN THIS UPDATED COLONIAL.LARGE LOT IN A COUNTRY SETTING. 5 BEDROOMS! MASTER BEDROOM W/ WALKIN CLOSET AND VAULTED CEILING. OPEN UPDATED KITCHEN TO FAMILY ROOM W/ FIREPLACE. ALL APPL INCL. LIVING ROOM W/GAS FIREPLACE. 2 MAIN FLOOR BEDROOMS W/FULL HALL BATH. PARTIAL FINISHED BASEMENT W/TON OF STORAGE. QUIET STREET, FENCED LOT, DEEP IN SUB. YOU WON'T BE DISAPPOINTED. 10% RETURN ON INVESTMENT IN THE FIRST YEAR (ASSUMING 20% DOWN, 4.25% INTEREST RATE MORTGAGE, $3,000 YEARLY TAXES, $1,250/YEAR HOI AND A MAINTENANCE BUDGET OF $125/MONTH.)INCREASING TO 11.7% THE 2ND YEAR AND 13.14%!!! THE 3RD YEAR.NOT INCLUDING MORTGAGE PAY DOWN, DEPRECIATION AND POTENTIAL APPRECIATION. STEADY CASH FLOW!

  • Facts
  • Built in: 1954
  • Lot Size: 0.41 acre
  • Property Type: Residential
  • Property Sub-type: Single Family Detached
  • Features
  • Full Bathrooms: 2
  • 1/2 Bathrooms: 1
  • Cooling System: Ceiling Fan(s), Central A/C
  • Exterior Finish: Vinyl Siding
  • Roof Type: Asphalt
  • Heating Fuels: Natural Gas
  • Heating Systems: Floor Furnace, Forced Air
  • Additional Features
  • Basement
  • Cable Ready
  • Wired
  • Neighborhood
  • Auburn Hills
Listing Changed: 6/22/2018 5:06:49 PM GMT
Source Updated Date: 6/23/2018 3:56:46 AM GMT

Courtesy of: Stephanie Janiga, Keller Williams Advantage

Listing Source - ListHub

Copyright © 2018 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.