$225,000
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110 S Auburn Auburn, MI 48611
Industrial
Residence
Beds
Baths
...
Bed/Bath
1,326
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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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 Ë? $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 Ë? $2,239.67Annual NOI:Annual NOI = Monthly NOI * 12Annual NOI = $2,239.67 * 12 Ë? $26,876.04Return on Investment (ROI):ROI:ROI = (Annual NOI / Initial Investment) * 100ROI = ($26,876.04 / $260,000) * 100 Ë? 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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Source MLS
MiRealSource
Originating MLS
Saginaw Board of REALTORS
MLS#
50142935
Property Type
Industrial
Year Built
1947
Square Feet
1,326
sq. ft
Lot Size
0.17
Sewer
Public Sewer
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Source: Walk Score®
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