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About the Listing 104777 - RC377512
Here's a cash-flowing tenant occupied brick rental with strong fundamentals already in place. Priced at $85,000 and currently rented at $1,448/month until June 2027, this 3-bedroom, 2-bath single-family home offers investors immediate income and attractive rent-to-price performance. From an investor standpoint, the numbers are strong. At the current rent, the property produces $17,376/year in gross rental income, which equals approximately a 20.4% gross rent-to-price return. For DSCR-focused buyers, the rental income gives this property attractive coverage potential. Based on an estimated 75% LTV loan, the current rent produces a strong estimated DSCR before taxes and insurance, and the scheduled rent increase improves that position even further. Final DSCR will depend on lender rate, taxes, insurance, and underwriting guidelines. The home also offers several ownership advantages investors look for. Brick construction, a good roof, a new furnace in 2024, and a new hot water heater in 2024 help reduce near-term capital concerns. The 1,603 sq ft layout includes 3 bedrooms, 2 full baths, a fireplace, and newer windows, giving tenants the comfort and functionality that support long-term occupancy. This is the kind of asset investors want in a buy-and-hold portfolio: already rented, solid monthly income, durable brick construction, and recent mechanical updates. Please do not disturb the tenants. Contact us for details and showing instructions.
Listing Highlights
Status
Active
Days on Site
31
Property Type
Residential
MLS ®
60994790
Year Built
1938
Total Square Footage
1,603
Lot/Acreage
0.12
County
Wayne
Neighborhood
Drennan & Seldons Lasalle College Park
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces: LivRoom Fireplace,Natural Fireplace
- Floor:
- Above Ground Sq Ft: 1603
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: DSL Available
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 40X131
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $2,488
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
11437 Kenmoor Detroit, MI 48205
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