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).
15833 Stansbury - Detroit, Michigan 48227
- 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
- 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.
17217 Plainview - Detroit, Michigan 48219
- Financial Snapshot
- Price: $120,000
- Monthly Rent: $1,574
- Yearly Taxes: $1,440
- Insurance: $600
- Management: $1,440
- $10,786Net Cash Flow:
- 9.00%Net Return:
This 1400 sq ft brick colonial sits on a gorgeous tree-lined street within the
North Rosedale neighborhood, one of the most popular places to live in the city. 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 $200,000. The property was fully rehabbed in May of 2023. Newer roof, vinyl windows, newer furnace and hot water tank. Truly an impressive property located in a top-tier area and priced significantly under market value. New tenant in place for $1,200 per month. Located just minutes away from Wayne County Community college, Renaissance High School and Detroit Sinai Grace Hospital.
17127 Birwood - Detroit, Michigan 48221
- Financial Snapshot
- Price: $125,000
- Monthly Rent: $1,100
- Yearly Taxes: $1,037
- Insurance: $600
- Management: $1,320
- $102,443Net Cash Flow:
- 8.10%Net Return:
This large brick colonial property just completed rehab in March of 2023. Located in the best zip code in the entire city, 48221! The block is immaculately maintained and the home features 3 bedrooms, newer vinyl windows, and brand new cosmetic upgrades throughout. The property has been owned by the same investor for over 10 years. It has undergone an extensive rehab and is currently professionally managed. This area is one of the most densely populated on the northwest side – with comparable sales upwards of $130k. Very popular among tenants and homeowners. Very close to the northern suburbs of Detroit with many shopping options and amenities.
14513 Artesian - Detroit, Michigan 48223
- Financial Snapshot
- Price: $130,000
- Monthly Rent: $1,050
- Yearly Taxes: $2,171
- Insurance: $600
- Management: $1,260
- $8,569Net Cash Flow:
- 7.00%Net Return:
This large brick colonial sits on a gorgeous tree-lined street within the Rosedale Park Historic District, a highly sought-after neighborhood known for its beautiful homes and landscaped boulevards. This area boasts some of the highest property values in the entire city. The proof is in the data! The comparable sales for this house are through the roof. A smaller house on the same block sold for $260,000 in May of 2022. The property is fully rehabbed including full upgrades to the mechanical systems and is currently rented for $1050 per month. 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 huge upside on the rental side – the next tenant cycle can generate $1400/month.
16121 Rosemont - Detroit, Michigan 48219
- Financial Snapshot
- Price: $140,000
- Monthly Rent: $1,100
- Yearly Taxes: $2,206
- Insurance: $400
- Management: $1,320
- $9,274Net Cash Flow:
- 6.60%Net Return:
Pristine brick colonial beauty in the heart of one of Detroit's most prestigious neighborhoods. Welcome to North Rosedale Park! A national historic district that exemplifies the glory of Detroit's architecture. This large 2200 sq ft home has serious curb appeal. The tree lined streets of this neighborhood feature some of the best kept residences on the entire northwest side. The home has been professionally managed by one manager for over 7 years. Long term owner, property kept up immaculately. Currently rented for $1,100/mo. Being sold considerably under market value. Rehabbed homes of this size in this neighborhood being sold on the open market are fetching prices north of $220,000.
7600 Penrod - Detroit, Michigan 48228
- 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.
16260 Fairfield - Detroit, Michigan 48221
- Financial Snapshot
- Price: $150,000
- 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.