1599 Magnolia Dr, Inkster, MI 48141

$85,000 Asking Price

3 beds
1 bath
1,008  sqft
Built in 1957

Currently rented at $1200/mo, this stabilized single family is a great addition to your portfolio offering a 12% cash on cash return from day one. Dense, well-maintained block in Inkster. Three bedrooms, one full bathroom, large kitchen, fenced yard and stacked laundry unit make this a desirable and durable rental. You're guaranteed never to have an issue with water intrusion in the basement as it does not exist. Tenant pays all utilities. Showings require proof of funds or pre-approval.

Features & Amenities

Interior

Heating:
Electric, Baseboard

Exterior

General:
Brick,Wood
Style:
Ranch

Construction

General:
1 Story, Crawl

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Westwood Community Schools
County:
Wayne

Lot

Zoning:
24P538 LOT 538 DEARBORN HILLS MANOR T2S R9E L52 P93 WCR, 44006010538000

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
RealComp

This listing courtesy of:
Douglas Rose Realty, Garrett Blair

About Inkster, MI

Housing

Number of Units
11,294
Median Home Value
$59,825
Median Rent
$661

59.06% of housing units are renter occupied.

12.12% are vacant.

Commute

Car
78.06%
Public Transportation
4.36%
Walk to Work
1.09%
Work from Home
15.37%
Other
0.88%

The median travel time to work is 25 minutes.

People

Population
25,344
Median Age
33.90
Median Household Size
2.64

Education

High School
37.85%
Associate’s Degree
6.84%
Bachelor’s Degree
6.65%
Graduate Degree
3.19%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Similar Homes

Message

Interested in this home?

Request more information: