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Archived 12 months ago

$29,700

3 bd 1 ba 1300 sqft

6134 First Street, Mayville, MI 46360

Residential SFR Off MLS

Current Rent **

N/A

Projected Rent **

$1,025

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

SFR in Mayville, MI

Discover an incredible investment opportunity at 6134 First Street, Mayville, Michigan 46360!

This single-family residence boasts 3 bedrooms and 1 bathroom, and it's currently 100% vacant, offering you a blank canvas for your investment dreams. With a potential gross rental income of $1,205 per month when fully occupied, this property promises an impressive return on your investment. What's more, tenants are responsible for covering all utilities, enhancing your profit margins. The pro forma cap rate stands at an outstanding 27.75%, making this an attractive choice for savvy investors.

Don't miss out on this golden opportunity – secure this property today for only $35,000 and watch your wealth grow.

Act now, and let your investment portfolio flourish at 6134 First Street!

Location:

6134 First Street, Mayville, MI 46360

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.