695 S BRIARVALE DRIVE, AUBURN HILLS, MI 48326

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695 S BRIARVALE Drive
Auburn Hills, MI 48326

$225,000

Beds: 5
Baths: 2 | 1
Sq. Ft.: 2,296
Type: Single Family Home
Listing #217014672
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!
Property Features
Location Information
MLS Area: Auburn Hills
Subdivision: ROSELAWN GARDENS NO 1
Interior Features
Rooms: Entry Floor Bath - Full, Upper Floor Bath - Lav, Upper Floor Bath - Master, Upper Floor Bedroom, Upper Floor Bedroom, Entry Floor Bedroom, Entry Floor Bedroom, Upper Floor Bedroom - Mstr, Entry Floor Breakfast Nook/Room, Entry Floor Family Room, Entry Floor Kitchen, Entry Floor Living Room
Interior: Cable Available, High Spd Internet Avail, Humidifier, Sump Pump
Master Bedroom Dimensions: 21 x 12
1/2 Baths: 1
Family Room: yes
Family Room Dimensions: 18 x 15
Living Room Dimensions: 17 x 15
Kitchen Dimensions: 10 x 12
Fireplace Description: Family Room, Living Room
Heating: Forced Air, Wall/Floor Furnace
Cooling: Ceiling Fans 2+, Central Air
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove
Basement Description: Partially Finished
Basement: yes
Exterior Features
Style: Colonial
Construction: Vinyl, Other
Exterior: Fenced
Foundation: Basement
Has Garage: No
Has a Pool: No
Site Description: Level
Lot Dimensions: 100.11X176.63
Lot Acres: 0.41
Lot Size in Sq. Ft.: 17, 859
Road Frontage: Paved
Has Waterfront: No
School
School District: Avondale
Additional Information
Year Built: 1954
Status: Active
Restrictions: 0
Garage Description: No Garage
Tax Amount: 2, 328


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
$
List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative: Keller Williams Advantage
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Realcomp data last updated at March 20, 2019 10:48 PM ET