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).

18959 Lauder St - Detroit, Michigan 48235

Sold
1. Front
  • Financial Snapshot
  • Price: $52,000
  • Monthly Rent: $850
  • Yearly Taxes: $1,800
  • Insurance: $450
  • Management: $1,020
  • $6,930Net Cash Flow:
  • 13.30%Net Return:

This beautiful 3 Bedroom all brick colonial was built during the post-World War II housing boom (1948). During this period, Detroit’s economy was booming and the property is a testament to the era’s unique architectural style. The home is located on a well maintained, high occupancy block on Detroit’s northwest side. Among the reasons this neighborhood has remained stable is the proximity to premier educational institutions. Nearby Detroit Renaissance High School is ranked top 3 citywide (academic performance, graduation rates) according to data released by Detroit Public Schools. Also, one of the top employers in Detroit is located a short drive away (Detroit Medical Center’s flagship campus – Sinai Grace Hospital). The current tenant has been thoroughly screened and has recently opted for lease renewal. The 1600 sq ft home has huge capital gains potential.

18623 Woodingham - Detroit, Michigan 48221

Sold
Exterior Front
  • Financial Snapshot
  • Price: $65,000
  • Monthly Rent: $900
  • Yearly Taxes: $1,441
  • Insurance: $500
  • Management: $1,080
  • $7,779Net Cash Flow:
  • 12.00%Net Return:

This impressive brick property located in the Bagley neighborhood features over 1300 sq feet of living space and has serious curb appeal. The exterior of the property features a gorgeous brick/vinyl façade, a testament to Detroit’s proud architectural history. This stretch of Woodingham is among the nicest blocks in the Bagley area. Homes are selling for $90-110k, so it is priced under market value (huge capital gains potential.) The home features original hardwood floors (sanded and stained), two-tone paint, ceramic tile, and updated mechanical systems. The rental value of the house is $950 per month based on rental history and comparable rentals.

8401 W Parkway St - Detroit, Michigan 48239

Sold
1. Front
  • Financial Snapshot
  • Price: $51,000
  • Monthly Rent: $800
  • Yearly Taxes: $1,600
  • Insurance: $450
  • Management: $960
  • $6,590Net Cash Flow:
  • 13.10%Net Return:

This property is located in on Detroit's far northwest side, right on the border with the affluent suburb of Dearborn Heights, MI. The home is situated on the corner of the block, with a two car detached garage. This home has undergone a complete remodel and features a brand new roof, newer vinyl windows, and a modern wall mounted hot water tank. This block is beautifully kept and is located a short drive away from the bustling West Warren business district. The home is currently rented to a pre-screened and qualified tenant.

John Daly St - Inkster, Michigan 48141

Sold
1. Front
  • Financial Snapshot
  • Price: $70,000
  • Monthly Rent: $1,000
  • Yearly Taxes: $1,900
  • Insurance: $500
  • Management: $1,200
  • $8,400Net Cash Flow:
  • 12.00%Net Return:

This beautiful three bedroom bungalow is located in the western suburb of Inkster. The area is extremely well kept and the block is fully occupied. The home is currently  rented to a qualified tenant paying $1000 per month. The home has been completely renovated and features almost 1400 sq ft of living space. The rental market is really strong in the area because of the nearby amenities including a large park and several charter schools. The property provides a great cash flow as well as significant capital appreciation potential. Tenant lease and info available upon request.