In today’s world, there are many different ways to create investment opportunities – from Airbnb, to your conventional rental property. There are even companies that target the out of town/state markets (like Starkey Realty in Port Aransas, TX), managing properties for people who live far from them. When you sell a house, you sell a lifestyle (city, lake, country, etc.). When you rent a house, you are leasing the opportunity of that lifestyle.
This home has a spacious floor plan with an open-concept design in quiet downtown Byron. The house is manufactured and sits upon a full basement. The rental potential is there, considering it’s priced to sell. The current owners have had it rented for the past twenty years. The last rental price was $700 monthly, including water and sewer. That means you could collect $8,400 per year, gross.
Renting means keeping accurate records, setting aside time to process payments, and a committing to maintain your property. With that in mind, it appears to be an easy way of making extra money. We can all speculate what the market will do, but there is, of course, no guarantee. Look to the past to make the best predictions. If you subscribe to that idea, this listing has been rented consistently for the past twenty years which leads one to believe it could be a successful rental for the future. MLS #31393496 or 224 Oak St. Byron, MI, 48418-9127. Call 810-908-7155, ask for Ben.
Here is a link to the listing on Zillow:
https://www.zillow.com/homes/224-N-Church-St-Byron,-MI,-48418_rb/
Ben & Jamie Anderson Realtors 