695 S Briarvale Drive

Auburn Hills, Michigan 48326

Single Family

5 beds 2 baths 1 partial bath


  • Property Details

    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!
  • Area Recent Sales

  • Area Detailed Information

    Area Summary
    Resident Age Distribution
    Resident Education Distribution
  • Area Schools

  • Area Weather

  • Area Cost Index

  • Mortgage Calculator

  • Additional Property Information

    This single family listing located at 695 S Briarvale Drive, Auburn Hills, MI has five bedrooms, two bathrooms and one partial bathroom. A colonial style property, it is currently selling for $229,000.

    This property is listed by Michael Loveland of Real Estate One, Inc. located in Michigan.

Life Around Auburn Hills