695 S BRIARVALE, Auburn Hills, Michigan 48326

$225,000
5
BD
2.1
BA
2,296
SqFt
List Price
$225,000
Ownership
Private Owned, Short Sale - No
MLS#
217014672
Status
ACTIVE
Bedrooms
5
Bathrooms
2.1
Half-baths
1
Total Square Footage
2,296
Subdivision
ROSELAWN GARDENS NO 1

Property Description

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!

Additional Information

Site Description
Level
Remarks
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!
Summer Taxes
1253
Winter Taxes
1075
Year Built
1954
Basement Type
Partially Finished
Foundation
Basement
Acres
0.41
Lot Dimensions
100.11X176.63
Site Description
Level
Style
Colonial
Acres
0.41
School District
Avondale
Interior Features
Cable Available, High Spd Internet Avail, Humidifier, Sump Pump
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Stove
Cooling
Ceiling Fans 2+, Central Air
Heating
Forced Air, Wall/Floor Furnace
Exterior Features
Fenced
Garage Spaces
No Garage

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Advantage.

IDX provided courtesy of Realcomp II Ltd., via Coldwell Banker Weir Manuel -Northville and Realcomp II Ltd. Copyright 2019 Realcomp II Ltd. Shareholders. IDX 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 and that the data is deemed reliable but not guaranteed accurate by the MLS.