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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
31
Photos
3
beds
1
bath
1,067
sqft
Built in
1951
Attention Investors! This 3-bedroom brick bungalow in Detroit’s Sherwood neighborhood is a turnkey opportunity, already generating rental income. With a tenant in place for over a year who intends to stay, this property offers immediate returns and minimal management effort. Property Features: • Built in 1951, 1,067 sq. ft. on a 0.09-acre lot. • Includes 3 bedrooms, 1 bathroom, a living room, dining area, full basement (792 sq. ft.), and a detached 1.5-car garage. Conveniently located near schools, parks, and public transportation, this home is perfectly situated for continued rental demand. Sold as-is, with motivated sellers open to offers, this is an excellent choice for investors seeking healthy ROI and steady income
Features & Amenities
Interior
- Heating:
- Natural Gas, Forced Air
Exterior
- General:
- Brick
- Style:
- Bungalow
Construction
- General:
- 2 Story, Basement
Location
- Originating MLS:
- MiRealSource
- School District:
- Detroit City School District
- County:
- Wayne
Lot
- Zoning:
- On File, 15006219
Utilities
- Water:
- Public Water
- Sewer:
- Public Sanitary
Financial
- Source:
- MiRealSource
This listing courtesy of:
Coverage Realty LLC, Christian Parsons
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Detroit, MI
Housing
- Number of Units
- 292,561
- Median Home Value
- $70,234
- Median Rent
- $679
53.65% of housing units are renter occupied.
18.25% are vacant.
Commute
- Car
-
71.17%
- Public Transportation
-
5.99%
- Walk to Work
-
3.15%
- Work from Home
-
17.73%
- Other
-
1.42%
The median travel time to work is 23 minutes.
People
- Population
- 593,210
- Median Age
- 36.40
- Median Household Size
- 2.38
Education
- High School
-
33.32%
- Associate’s Degree
-
7.33%
- Bachelor’s Degree
-
9.43%
- Graduate Degree
-
6.96%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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