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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
28
Photos
4
beds
2
baths
1,250
sqft
Built in
1925
This is an incredible opportunity for an investor looking for a turn key property with around an 11 percent cap rate. Long term tenant that would like to stay. Lease is up in February 2025. This colonial is a 4 bedroom 2 full bathroom home with hard wood floors, spacious closets, and tons of natural light. Two of the bedrooms are on the main level and the other two are on the upper level. Land Contract terms are available at a 10 percent interest rate with a $40,000 down payment, 36 month term and a balloon payment at the end.
Features & Amenities
Interior
- Laundry:
- Lower level
- Basement:
- Full
- Heating:
- Forced air, Natural gas
- Fireplace:
- Fireplace, Fireplaces: 1
Exterior
- Style:
- Colonial
- Other Structures:
- Porch
- Parking:
- Concrete
Construction
- Roofing:
- Asphalt
- General:
- Aluminum siding, Brick, Basement
Location
- Originating MLS:
- Greater Metropolitan Association of REALTORS
- School District:
- Detroit
- County:
- Wayne
Lot
- Zoning:
- E COYLE 12 STRATHMOOR SUB NO 2 L32 P52 PLATS, W C R 22/82 40 X 106.41A, 22044841
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Greater Metropolitan Association of REALTORS
This listing courtesy of:
House Of May, Tyrone Johnson
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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