Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
19
Photos
4
beds
1
bath
1,165
sqft
Built in
1946
This 4-bedroom, 1-bath brick home with a 2-car garage is the perfect addition to your investment portfolio. Currently tenant-occupied with a Section 8 tenant paying $1,500 per month, this property offers a strong cash flow and an impressive 14.8% cap rate. Enjoy easy access to local amenities and major roadways, making this property not only a solid investment but also a convenient location for tenants. Don’t miss out on this cash-flowing opportunity to expand your real estate holdings!
Features & Amenities
Interior
- Basement:
- Full, Unfinished
- Heating:
- Forced air, Natural gas
Exterior
- Style:
- Bungalow
- Pool:
- None
- Parking:
- Two car garage, Detached
Construction
- General:
- Brick, One, Basement, Block
Location
- Road/Access:
- Paved
- Originating MLS:
- Realcomp II Ltd
- School District:
- Detroit
- County:
- Wayne
Lot
- Zoning:
- W PELKEY 72 VANDAMMES SUB L43 P50 PLATS, W C R 21/638 47 X 120.08A, 21030121.
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Realcomp II Ltd
This listing courtesy of:
S&P Realty, Shane Parker
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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