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695 S BRIARVALE Drive
Auburn Hills MI 48326 US

$225,000

Active MLS #217014672
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5 bed
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2,296 sqft
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3 bath
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Built in 1954
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Lot: 0 acre
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Single Family Detached

$225,000

Active MLS #217014672
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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!

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Property Features

  • 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: Fireplace, Floor Furnace, Forced Air
  • Additional Features
  • Basement
  • Fireplace
  • Cable Ready
  • Wired
Listing Changed: 11/28/2018 10:00:12 PM GMT
Source Updated Date: 12/9/2018 4:39:13 AM GMT

Courtesy of: Stephanie Janiga, Keller Williams Advantage

Listing Source - ListHub

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