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$465,000

For Sale - Active
4291 Redding Cir, Grand Blanc, MI 48439
4 Beds
3 Baths
2,384 Square Feet
0.64 Acres Lot
Built in 1998
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Aug 19, 2025 at 02:56PM

Investment Summary


Monthly Cash Flow
-$1,394
Cap Rate
2.5%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.1%

Property Description


0.64 Acres Lot
Built in 1998
For Sale - Active
Units n/a

All Remodeled in 2022 home, Ready to move in. New Kitchen & Countertops, Tile Flooring, New Bathrooms, Paint, Landscaping & In-ground Sprinkler, Goldfish Pond, Custom Window Treatments, Crown Moldings. Lighting, Appliances, and much more.

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Location


Property Details


Parking

  • Description: 2+ Assigned Spaces, Attached
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1227526006
  • Lot Size: 27878 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1998

Tax Information

  • Annual Tax: $8,846

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air, Electric

Location

  • County: Genesee

Listing Details


Listed by:
Hathal Taie
My Fair Realty
(248) 579-9999

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25017286
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,394
Cap Rate
2.5%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.1%

Purchase Details

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Purchase price:
$465,000
Amount financed:
-$372,000
Down payment:
$93,000
Closing costs:
$13,950
Rehab costs:
$0
Initial cash invested:
$106,950
Square feet:
2,384
Cost per square foot:
$195
Monthly rent per square foot:
$1.05

Financing Details

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Loan amount:
$372,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,382
Property tax:
$737
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,294

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (29%)
29%-$737-$8,846
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (54%)
54%-$1,362-$16,346

Cash Flow


Monthly Yearly
Net operating income:
$988 $11,856
Mortgage payments:
-$2,382 -$28,584
Cash flow:
$1,394 $16,728