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).

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.

18464 Algonac - Detroit, Michigan 48234

Available
1-Exterior
  • Financial Snapshot
  • Price: $60,000
  • Monthly Rent: $900
  • Yearly Taxes: $1,063
  • Insurance: $500
  • Management: $1,080
  • $8,157Net Cash Flow:
  • 13.50%Net Return:

This well-built brick bungalow property is located on Detroit’s Northeast side, in the Von Steuben neighborhood. The home has been completely remodeled including new mechanical systems and a new 3-D shingle roof installed in 2015. The home features two tone color paint, and the original hardwood floors which were sanded and stained. The neighborhood is well kept and this particular section boasts a high occupancy rate. The home is currently rented for $900 to a pre-screened and qualified tenant.

18651 Ardmore - Detroit, Michigan 48235

Sold
Exterior
  • Financial Snapshot
  • Price: $53,000
  • Monthly Rent: $800
  • Yearly Taxes: $1,800
  • Insurance: $500
  • Management: $960
  • $6,340Net Cash Flow:
  • 12.00%Net Return:

This solid, all brick property is located on Detroit's bustling northwest side. Located just west of the Lodge Freeway, the home is ideally located between the northern suburbs and Downtown Detroit. One of the area's largest employers, Detroit Sinai Grace Hospital is just a short drive away. Detroit's prominent Renaissance High School serves this area along with several charter schools. The home stands out among its neighbors because of its unique, tan colored brick exterior. The mechanical systems have been completely renovated including new PEX plumbing lines, furnace, and hot water heater. The property is currently rented to a 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. 

 

Esper Street - Detroit, Michigan 48204

Sold
1. Exterior
  • Financial Snapshot
  • Price: $65,000
  • Monthly Rent: $850
  • Yearly Taxes: $1,463
  • Insurance: $500
  • Management: $1,020
  • $7,217Net Cash Flow:
  • 11.10%Net Return:

This gorgeous all brick property is located in the highly desirable Aviation Sub neighborhood on Detroit’s northwest side. This street is absolutely impeccably kept, fully occupied with manicured lawns and trees. Esper Blvd is among the widest streets in the neighborhood, and this is one of the few areas where homeowners are securing bank financing in the city of Detroit. Seller has owned the home since 2013 and has had the same tenant since then (excellent payment record). The home features a newer roof, newer vinyl windows, and went through a complete rehab in 2013. Over 1400 sq feet of living space and 1.5 baths. Comparable homes in the area are selling for $85-130k depending on the size. Located a short walk from the border with Dearborn, an upscale western suburb of Detroit which is home to a vibrant shopping and commercial district along Warren Avenue.

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.

16260 Fairfield - Detroit, Michigan 48221

New Listing
16260 Fairfield
  • Financial Snapshot
  • Price: $95,000
  • Monthly Rent: $1,350
  • Yearly Taxes: $1,301
  • Insurance: $600
  • Management: $1,620
  • $12,679Net Cash Flow:
  • 13.30%Net Return:

Massive two family brick property located directly across the street from the sprawling campus of the University of Detroit Mercy. Just one block away are the large, impressive homes of Detroit's University District which boast some of the highest property values in the city. Single family homes in this area sell for $300k+. Rare opportunity to own a rental property right in the heart of a prestigious college campus. The private university is considered one of the top law programs in the midwest, as well as one of the best dentistry schools. The complex is currently 100% occupied and generating a really impressive return. Newer roof and windows make this property a steal at under $100,000. Call us today to reserve. 

5767 Berkshire - Detroit, Michigan 48224

Sold
Berkshire Detroit Morningside
  • Financial Snapshot
  • Price: $64,000
  • Monthly Rent: $800
  • Yearly Taxes: $1,637
  • Insurance: $500
  • Management: $960
  • $6,503Net Cash Flow:
  • 10.00%Net Return:

This towering brick colonial property is located in the Morningside neighborhood on Detroit’s southeast side. The neighborhood is directly adjacent to East English Village, where property prices are skyrocketing. Many buyers are looking to Morningside for more affordable homes compared to EEV.  This fully rehabbed home has had all of its mechanical systems upgraded. Very popular area among renters, close to major employers. With 1600 square feet and serious curb appeal, this property has huge capital gains potential. The property itself is located two doors down from the Bethany Lutheran private school. The brand new $46 million, 220,000 sq ft campus of East English Village Preparatory Academy opened in 2012 and is a short drive away as well.

 

19767 Huntington - Detroit, Michigan 48219

New Listing
Huntington Street Detroit Grandmont Rosedale
  • Financial Snapshot
  • Price: $64,000
  • Monthly Rent: $850
  • Yearly Taxes: $1,490
  • Insurance: $500
  • Management: $1,020
  • $7,190Net Cash Flow:
  • 11.00%Net Return:

This beautifully maintained brick bungalow property is located on a stunning block. Gorgeous neighborhood with full occupancy, well-manicured lawns and predominately homeowners. Inventory in this neighborhood is extremely scarce. The home is rented for $850 per month, and has been fully rehabbed including a newer roof (2014). Located just a minute south of Detroit’s border with the affluent suburbs of Oakland County where you can find tons of shopping districts and restaurants. Detroit’s historic Henry Ford High School is walking distance away. Also, it sits in the shadows of one of the largest parks in Detroit: O’Hair Park.

7600 Penrod - Detroit, Michigan 48228

New Listing
7600 Penrod Exterior
  • Financial Snapshot
  • Price: $85,000
  • Monthly Rent: $800
  • Yearly Taxes: $1,161
  • Insurance: $400
  • Management: $960
  • $7,079Net Cash Flow:
  • 8.30%Net Return:

Full rehabbed bungalow in the bustling Warrendale neighborhood on Detroit's northwest side. The property has been professionally managed by the same property manager for years. Currently rented to a Section 8 tenant for $800 per month. Very well kept and fully modeled including mechanical systems. Newer 3D shingle roof, newer vinyl windows. Sits on a corner lot, in an area with booming property values and sky-high demand from tenants. Walking distance from the busy West Warren commercial business district which runs through the entire neighborhood.