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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
8
Photos
3
beds
1
bath
1,376
sqft
Built in
1938
CALLING ALL INVESTORS**1376 Sq Ft performing cape cod in Morningside, one of Detroit's most coveted neighborhoods. MANY UPDATES and Terrific tenant paying $950 monthly rent. This cash cow yields almost 12k in annual gross income with a SOLID ROI. Home has a good roof, vinyl windows, large living room with fireplace and formal dining room. Kitchen has NEW cabinets and countertops (2024). Owner installed some new vinyl windows, doors, and replaced furnace/water tank (2021). 2 large bedrooms and full bath upstairs as well as a 3rd bedroom on the main level. Basement is wide open, clean, with newer mechanicals. Fenced yard and great curb appeal. This property would make a great longer term hold, while putting money in the next owners pocket. Easy area to find quality Tenants, close to schools, shopping and dining. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance. Call/text for more information.
Features & Amenities
Interior
- Basement:
- Unfinished
- Heating:
- Natural Gas, Hot Water
- Fireplace:
- LivRoom Fireplace, Fireplace
Exterior
- General:
- Brick, Fenced Yard,Porch
- Style:
- Cape Cod,Colonial
Construction
- General:
- 2 Story, Basement
Location
- Road/Access:
- Paved Street
- Originating MLS:
- RealComp
- School District:
- Detroit City School District
- County:
- Wayne
Lot
- Zoning:
- E HAVERHILL 576 EAST DETROIT DEVELOPMENT COS SUB NO 1 L36 P19 PLATS, W C R 21/427 40 X 114, W21I069985S
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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