110 s auburn, auburn, MI 48642

This property is not just a building but a turnkey solution for steady cash flow and low maintenance concerns, all set in a bustling downtown area. Bringing in $3,000 a month. Ideal for investors seeking a blend of steady income and growth potential or a business owner looking for a prime location with added rental income. Monthly Expenses:Taxes:Summer: $3,400Winter: $600Annual Taxes: $3,400 + $600 = $4,000Monthly Taxes: $4,000 / 12 ? $333.33Total Monthly Expenses:Taxes: $333.33Insurance: $129Lawn care: $40Gas: $170Water (quarterly divided by 3): $88Total Monthly Expenses: $760.33Net Operating Income (NOI):Monthly NOI:NOI = Total Monthly Rent Income - Total Monthly ExpensesNOI = $3,000 - $760.33 ? $2,239.67Annual NOI:Annual NOI = Monthly NOI * 12Annual NOI = $2,239.67 * 12 ? $26,876.04Return on Investment (ROI):ROI:ROI = (Annual NOI / Initial Investment) * 100ROI = ($26,876.04 / $260,000) * 100 ? 10.34%SummaryMonthly Net Operating Income (NOI): $2,239.67Annual Net Operating Income (NOI): $26,876.04Annual ROI: Approximately 10.34%This updated calculation incorporates the correct tax information and confirms the property's profitability with an annual return on investment of about 10.34%. **VIRTUAL TOUR* https://next-door-photos.vr-360-tour.com/e/PgYBj5uWZHE/e?accessibility=false&dimensions=false&hidelive=true&share_button=false&t_3d_model_dimensions=false

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is 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. Listing By: Troy Schearer of JPAR - Great Lakes Bay Region

This listing last updated: Wed, July 24, 2024 at 5:01:32 PM EDT

MIRealSource Listing Data Last Updated On Wednesday, July 31 2024 at 5:13am