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).

7600 Penrod - Detroit, Michigan 48228

Sold
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. 

16121 Rosemont - Detroit, Michigan 48219

New Listing
16121 Rosemont
  • 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. 

14513 Artesian - Detroit, Michigan 48223

New Listing
14513 Artesian
  • 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.

17127 Birwood - Detroit, Michigan 48221

Sold
A 17127 Birwood Exterior
  • 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.

17217 Plainview - Detroit, Michigan 48219

New Listing
17217 Plainview Exterior
  • 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.

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.

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.

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.

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.

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.