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906 16th Ave Menominee, MI 49858
  • 4 Beds
  • 0 Baths
  • 2,784 Sq. Ft
  • Built In 1882
Active
$63,900
Est. Rent

$933 /mo

Financial Performance

Gross Yield

17.52%

based on an annual rent of $11,196.00 divided by the offer price of $63,900.00.

Net Yield

11.38%

based on a yearly adjusted income of $11,196.00 minus the total annual expense of $3,923.38 divided by the offer price of $63,900.00.

Cash Flow

$7,273

based on a yearly adjusted income of $11,196.00 minus the total annual expense of $3,923.38 and yearly mortgage expense.

Home Details

INVESTMENT OPPORTUNITY KNOCKING Money making Tri-Plex with steady rental history. Each unit comes with stove and refrigerator. Building has a full basement for storage. New Boiler and water heater installed in 2016. START YOUR RENTAL CAREER HERE
Features

  • listed date Listed Date: January 14, 2017
  • year built Year built: 1882
  • square footage SqFt: 2,784
  • price per square foot Price/SqFt: $23
  • bedrooms Bed: 4
  • property type Type:   Duplex/Triplex/Quad
  • county County: Menominee
  • Listing ID: 13-1166
906 16th Ave Menominee, MI 49858
  • 4 Beds
  • 0 Baths
  • 2,784 Sq. Ft
  • Built In 1882
Active
$63,900
Est. Rent

$933 /mo

Gross Yield

17.52%

based on an annual rent of $11,196.00 divided by the offer price of $63,900.00.

Net Yield

11.38%

based on a yearly adjusted income of $11,196.00 minus the total annual expense of $3,923.38 divided by the offer price of $63,900.00.

Cash Flow

$7,273

based on a yearly adjusted income of $11,196.00 minus the total annual expense of $3,923.38 and yearly mortgage expense.

Home Details

INVESTMENT OPPORTUNITY KNOCKING Money making Tri-Plex with steady rental history. Each unit comes with stove and refrigerator. Building has a full basement for storage. New Boiler and water heater installed in 2016. START YOUR RENTAL CAREER HERE
Features

  • listed date Listed Date: January 14, 2017
  • property type Type:   Duplex/Triplex/Quad
  • year built Year built: 1882
  • square footage SqFt: 2,784
  • price per square foot Price/SqFt: $23
  • bedrooms Bed: 4
  • county County: Menominee
  • Listing ID: 13-1166

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