Detroit Investment Properties

Metro Detroit turnkey investment properties are opportunities unmatched by any other market. There are several things we consider when evaluating a property, such as the neighborhood and surrounding area. We take into consideration many important demographic statistics including population density, median income levels, and vacancy rates among other factors. We also look at every investment to determine its feasibility from a real estate perspective: resale value, potential rental amount, scope of any rehab work, carrying costs (taxes, insurance).

9395 Littlefield - Detroit, Michigan 48228

New Listing
9395 Littlefield exterior
  • Financial Snapshot
  • Price: $105,000
  • Monthly Rent: $1,100
  • Yearly Taxes: $1,260
  • Insurance: $600
  • Management: $1,320
  • $10,052Net Cash Flow:
  • 9.57%Net Return:

This beautiful brick colonial property is located on the outskirts of the Aviation Subdivision. The block is immaculate, lined with tall brick colonials and well-manicured lawns. The property is fully rehabbed, including full upgrades to the mechanical systems, and is currently rented for $1100 per month through Section 8. The property is section 8 certified and was completely renovated in 2022. Newer roof, newer windows, newer furnace, and hot water tank. Truly an impressive property located in a top-tier area and priced significantly under market value. There is also a huge upside on the rental side – the next tenant cycle can generate $1400/month. Close to great schools as well as businesses in the neighboring suburb of Dearborn.

24411 Pembroke - Detroit, Michigan 48219

Available
24411 Pembroke exterior
  • Financial Snapshot
  • Price: $105,000
  • Monthly Rent: $950
  • Yearly Taxes: $1,116
  • Insurance: $600
  • Management: $1,140
  • $8,544Net Cash Flow:
  • 8.14%Net Return:

This brick ranch property is immaculately maintained and is located in one of the top areas in Detroit. The “Five Points” neighborhood is extremely small and exclusive. Properties within the area sell fast, and boast some of the highest property values on the NW side. This all-brick ranch has serious curb appeal. With pristine landscaping, an attached garage, a newer roof, and vinyl windows. It has been professionally managed by the same manager for several years, and the long-term tenant maintains the home very nicely. The property a few doors down sold for $170,000 in June of 2023, in just 5 days on the market.

16217 Westmoreland - Detroit, Michigan 48219

New Listing
16217 Westmoreland
  • Financial Snapshot
  • Price: $120,000
  • Monthly Rent: $1,200
  • Yearly Taxes: $1,798
  • Insurance: $600
  • Management: $1,440
  • $10,562Net Cash Flow:
  • 8.80%Net Return:

This large colonial is located in one of the best areas of the city. It is a stand-out property with its beautiful two-toned brick facade and its towering presence within the beautiful North Rosedale Park neighborhood. This home sits in front of a gorgeous tree-lined median and is surrounded by meticulously curved roads, creating an added level of charm. Having Grand River Ave to the south makes for quick access to bustling businesses and restaurants, while Outer Drive to the west connects it to major employers like Henry Ford Medical Center and DMC-Sinai Grace. The home is currently rented for $1200. 

Cortland Street - Detroit, Michigan 48204

Sold
Cortland Street - Russell Woods
  • Financial Snapshot
  • Price: $75,000
  • Monthly Rent: $800
  • Yearly Taxes: $948
  • Insurance: $500
  • Management: $960
  • $7,192Net Cash Flow:
  • 9.00%Net Return:

Cortland - Russell Woods – This gorgeous 1500 sq ft colonial is located in Detroit’s historic Russell Woods neighborhood, the birthplace of the “Motown” sound. This property has serious curb appeal and features a newer roof, newer vinyl windows and was fully rehabbed in 2016. The property is currently rented for $800 per month. The home is walking distance from Detroit’s historic Central High School, the first high school in the State of Michigan. The property taxes have been slashed in half – less than $1000 for the entire year. The home has major capital appreciation potential having sold on a mortgage for $128,000 pre-crash.

18465 Lancashire - Detroit, Michigan 48223

New Listing
18465 Lancashire Exterior
  • Financial Snapshot
  • Price: $140,000
  • Monthly Rent: $1,200
  • Yearly Taxes: $3,512
  • Insurance: $600
  • Management: $1,440
  • $8,848Net Cash Flow:
  • 6.30%Net Return:

This gorgeous brick colonial is located in the prestigious North Rosedale Park neighborhood. With 4 spacious bedrooms and 2.5 bathrooms, this home has generous living space and exquisite updates throughout. It sits on a scenic street where each home has unique and inviting architecture, making this an incredible opportunity to own a rental property with historic charm. Its precise location is another advantage, offering the best of both worlds: a home in a quiet and charming neighborhood that also sits in almost immediate proximity to Southfield freeway. This makes for an easy commute to the affluent suburbs of Royal Oak and Troy to the north and Dearborn to the south. Within walking distance you will find an abundance of local businesses, as well as schools like Cooke S.T.E.M Academy. This home is currently rented for $1200. 

18874 Justine - Detroit, Michigan 48234

Sold
18874 Justine
  • Financial Snapshot
  • Price: $85,000
  • Monthly Rent: $1,000
  • Yearly Taxes: $977
  • Insurance: $600
  • Management: $1,200
  • $9,223Net Cash Flow:
  • 10.90%Net Return:

This large, 1500sqft brick bungalow is located in the Krainz Woods neighborhood on the Northeast side. Historically a wooded area, the neighborhood boasts beautiful tree-lined streets and has a unique suburban feel. The property is within walking distance to John J. Perishing High School as well as Krainz Park, which features majestic greenery, picnic areas, and a beautiful walking path. Conveniently situated near schools, parks, and local eateries, this is a rare opportunity to own a beautiful property in a historic Detroit neighborhood. It has been recently rehabbed and is currently rented for $1000. 

11095 Engleside - Detroit, Michigan 48205

New Listing
11095 Engleside Exterior
  • Financial Snapshot
  • Price: $105,000
  • Monthly Rent: $1,350
  • Yearly Taxes: $1,124
  • Insurance: $600
  • Management: $1,620
  • $12,856Net Cash Flow:
  • 12.20%Net Return:

SKY-HIGH ROI - ($1,350 MONTHLY RENT) This all-brick 3 BR colonial checks all of the boxes for an amazing investment. A rare gem on the city's northeast side, in the shadows of Coleman Young Airport (which was recently awarded a $100 million federal grant). The property was completely remodeled in April of 2023 including all mechanical systems. The home was inspected and granted a Certificate of Compliance by the City of Detroit's BSEE Department. It also passed an independent Section 8 inspection and has a brand new HAP contract in place until May of 2024. *** 100% of THE RENT PAID BY SECTION 8! ZERO TENANT PORTION.

8641 E. Outer Drive - Detroit, Michigan 48213

New Listing
8641 E. Outer Dr. Exterior
  • Financial Snapshot
  • Price: $85,000
  • Monthly Rent: $875
  • Yearly Taxes: $1,154
  • Insurance: $500
  • Management: $1,050
  • $7,796Net Cash Flow:
  • 9.10%Net Return:

This well kept brick bungalow is located on the most recognizable residential street in Detroit: Outer Drive. The East Outer Drive community association is one of the most well organized in the city. The wide boulevard features gorgeous brick properties in varying styles. Properties of this size on this street sell for over $100,000 on the open market (to homeowners). Priced under $90,000 – well below its market value. The home on 8631 E. Outer Drive, just a few doors away sold for $157,000 in June of 2022. Very long term tenant, has been occupying the property for over 10 years. Great cash on cash return and huge appreciation potential.

15833 Stansbury - Detroit, Michigan 48227

Sold
15833 Stansbury
  • Financial Snapshot
  • Price: $85,000
  • Monthly Rent: $900
  • Yearly Taxes: $1,500
  • Insurance: $600
  • Management: $1,080
  • $7,620Net Cash Flow:
  • 9.00%Net Return:

This large brick colonial property is located on a beautiful street on the northwest side of Detroit. The property is fully rehabbed and rented Section 8 for $900 per month. The property is well kept by the long term tenant. The home is just a short drive from large employers such as Detroit Sinai Grace hospital. One of the city’s best high schools (Renaissance High) is located nearby. Really good rehab with hardwood floors, newer windows, and newer hot water tank and furnace. This neighborhood (Fitzgerald) is one of the areas specifically targeted by the City of Detroit for improvement and development. The city has poured millions of dollars into this neighborhood and it continues to improve. Comparable sales for this home are upwards of $130,000.

14540 Grandmont - Detroit, Michigan 48227

New Listing
14044 Grandmont Exterior
  • Financial Snapshot
  • Price: $130,000
  • Monthly Rent: $1,000
  • Yearly Taxes: $1,735
  • Insurance: $600
  • Management: $1,200
  • $8,465Net Cash Flow:
  • 6.50%Net Return:

This 2,000 sq ft brick colonial sits on a gorgeous tree-lined street within the Grandmont neighborhood, one of the most popular places to live in the city. The motto for this area is “home of good neighbors,” because of the strong sense of community. This area boasts some of the highest property values in Detroit. The proof is in the data! The comparable sales for this house are through the roof – Similar properties are selling for over $220,000. The property is fully rehabbed including a brand new roof installed in February 2023. Newer roof, railings, newer furnace and hot water tank. Truly an impressive property located in a top-tier area and priced significantly under market value. There is also huge upside on the rental side – the next tenant cycle can generate $1500/month.