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Jim Blehm

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

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12186 Roselawn St , Detroit, MI 48204
$150,000
Est. Payment: $333.33/mo
0 Bed
2 Bath
0 Sqft
Status: Active | Days on site: 90
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408710 - 377512
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House Description

Here's a rare investor opportunity - a fully updated duplex with both units occupied by Section 8 tenants backed by the government. This Detroit duplex features two 2-bedroom, 1-bath units, both currently rented through Section 8 at $1,150/month and $950/month, for a total monthly rent roll of $2,100/month and $25,200/year in gross scheduled income. The property has been recently refreshed, helping reduce near-term maintenance concerns and support tenant retention. Updates include brand-new vinyl windows, fresh paint throughout, new plush carpeting, updated kitchen cabinets and countertops, and new furnaces for improved efficiency and reliability. From a buy-and-hold perspective, this asset checks several important boxes: two occupied units, Section 8 rental income, separate income streams, updated interiors, and major mechanical improvements already completed. The duplex setup also helps reduce reliance on a single tenant, while the 2-bedroom unit mix remains practical and rentable in Detroit’s investor market. Priced at $170,000, the property offers an attractive 14.8% gross rent-to-price return and a 1.24% monthly rent-to-price ratio. For DSCR buyers, the current rent roll creates strong debt coverage potential. Based on a typical 75% LTV scenario, the estimated loan amount would be approximately $127,500, giving investors a solid income base to work with. Final DSCR will depend on lender rate, taxes, insurance, and underwriting, but the rental income is compelling for investors looking for cash-flowing Section 8 product. For investors seeking immediate rental income, DSCR potential, and strong gross rent performance at a reasonable price point, this duplex deserves a serious look. Please do not disturb tenants. Showings available with accepted full-list offer only.

Highlights

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

Property Type

Multi-Family

Lot/Acreage
0.09

HOA Fee

Year Built

1923

County

Wayne

School District

Detroit

Listing ID

20261046553

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$333
Taxes
$260
HOA
$0

Home Price

$150,000

Loan Details

30 yrs
%

Down Payment

20%
$30,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $333.33 $260.33 $0.00 $593.67
Yearly $4,000.00 $3,124.00 $0.00 $7,124.00
Total $120,000.00 $93,720.00 $0.00 $213,720.00

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.