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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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11437 Kenmoor St , Detroit, MI 48205
$85,000
Est. Payment: $188.89/mo
3 Bed
2 Bath
1603 Sqft
Status: Active | Days on site: 120
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408710 - 377512
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House Description

Here's a cash-flowing tenant occupied brick rental with strong fundamentals already in place. Priced at $85,000 and currently rented at $1,448/month until June 2027, this 3-bedroom, 2-bath single-family home offers investors immediate income and attractive rent-to-price performance. From an investor standpoint, the numbers are strong. At the current rent, the property produces $17,376/year in gross rental income, which equals approximately a 20.4% gross rent-to-price return. For DSCR-focused buyers, the rental income gives this property attractive coverage potential. Based on an estimated 75% LTV loan, the current rent produces a strong estimated DSCR before taxes and insurance, and the scheduled rent increase improves that position even further. Final DSCR will depend on lender rate, taxes, insurance, and underwriting guidelines. The home also offers several ownership advantages investors look for. Brick construction, a good roof, a new furnace in 2024, and a new hot water heater in 2024 help reduce near-term capital concerns. The 1,603 sq ft layout includes 3 bedrooms, 2 full baths, a fireplace, and newer windows, giving tenants the comfort and functionality that support long-term occupancy. This is the kind of asset investors want in a buy-and-hold portfolio: already rented, solid monthly income, durable brick construction, and recent mechanical updates. Please do not disturb the tenants. Contact us for details and showing instructions.

Highlights

Listed by Anuj Chand , 810-908-6470 Keller Williams First , 810-515-1503.

Property Type

Residential

Lot/Acreage
0.12

Year Built

1938

County

Wayne

School District

Detroit

Listing ID

20261036809

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Water:Public

Exterior Features

Sewer:Public
Principal Interest
$189
Taxes
$207

Home Price

$85,000

Loan Details

30 yrs
%

Down Payment

20%
$17,000
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Monthly Price:
$188.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $188.89 $207.33 $0.00 $396.22
Yearly $2,266.67 $2,488.00 $0.00 $4,754.67
Total $68,000.00 $74,640.00 $0.00 $142,640.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.