Rausch Avenue Eastpointe, Michigan 48021
|Lease Start Date
|Lease End Date
|Paid by Tenant
*Includes down payment plus $3,000 of closing costs
Purchase Price $154,000
|Cash on Cash Return*
|Net Cash Flow Per Month*
*Assuming 20% down with a loan at 2PTS + 7.25% interest for 30 years. Including equity build up and 3% appreciation per year.
- About This Property
Turnkey Rental Investment Opportunity: Fully Renovated Gem
Introducing a prime turnkey investment opportunity that’s ready to transform your real estate portfolio. This meticulously renovated property offers an array of enhancements designed to maximize rental income and ensure a hassle-free ownership experience. Here’s a snapshot of the comprehensive scope of work completed:
1. Stunning Bathroom Overhaul:
A complete bathroom remodel featuring new tiles and flooring.
Elevate tenant satisfaction with a contemporary and stylish bathroom.
2. Seamless Flooring Upgrade:
New, durable vinyl flooring throughout the entire house.
Enhance the property’s aesthetic appeal while ensuring low maintenance and longevity.
3. Illuminating Lighting and Fixtures:
Revamped lighting fixtures throughout the property for a bright and inviting atmosphere.
Strategically placed fixtures to highlight key features and create a warm, welcoming ambiance.
4. Fresh Coat of Paint:
A fresh coat of paint applied meticulously to every surface, breathing new life into the property.
5. Convenient Half Bathroom Addition:
A brand-new half bathroom in the basement, adding convenience and value.
Perfect for increasing rental appeal and meeting the demands of modern living.
- Financing Options
MartelTurnkey has partnered with some of the top lenders that provide a wide range of financial solutions to meet your Rental investing needs. Talk to an Advisor to learn more or visit our partner to get pre-approved.
- Property Management Company
- Investment Terms
Purchase and Sale Agreement (PSA): A PSA will be delivered electronically once an agreement has been made and must be executed by Buyer within 24 hours of receipt.
Earnest Money Deposit (EMD) of $1,000 must be wired to the Title Company within 3 days of PSA signing.
Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.
Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 45 days of PSA execution for financing unless otherwise agreed by Buyer and Seller.
Lease Agreement: The current lease agreement will be provided to Buyer at Closing.
Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Martel TurnKey to lower transaction costs for Buyers and Sellers. Actual closing costs will be outlined on the final settlement statement.
Have additional questions?Book a call!