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2
Photos
3
beds
1
bath
864
sqft
Built in
1927
**UNDER 50K**SKY HIGH ROI OF 12%**CASH FLOWING AND PROFESSIONALLY MANAGED **Excellent investment property sitting right on the Ferndale Border. This 3 bedroom bungalow has some updates and is currently rented for $675/month to a long term tenant who always pays on time. Home sits on a nice sized lot with a fenced yard, vinyl windows and long driveway. Very popular neighborhood - a short drive away from the one of the largest shopping centers in the city. Detroit's largest supermarket ( 8 Mile Meijer), Marshalls, and Starbucks are located in the center. Really solid high-ROI investment on the northwest side. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance.
Features & Amenities
Interior
- Basement:
- Unfinished
- Heating:
- Natural Gas, Forced Air
Exterior
- General:
- Aluminum,Wood, Porch
- Style:
- Bungalow
Construction
- General:
- 1 1/2 Story, Basement
Location
- Road/Access:
- Paved Street
- Originating MLS:
- RealComp
- School District:
- Detroit City School District
- County:
- Wayne
Lot
- Zoning:
- E SAN JUAN DR 28 GARDEN HOMES SUB L29 P84 PLATS, W C R 16/298 50 X 194.15A, 16025755.
Utilities
- Water:
- Public Water
- Sewer:
- Public Sanitary
Financial
- Source:
- RealComp
This listing courtesy of:
U.S. Investor Group, Sam Berri
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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