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Jim Blehm

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

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16171 Santa Rosa Dr , Detroit, MI 48221
$83,500
Est. Payment: $429.98/mo
3 Bed
2 Bath
1456 Sqft
Status: active | Days on site: 73
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House Description

Best deal in all of 48221, Back on Market due to no fault of sellers or home! Opportunity knocks in one of Detroit's most actively revitalized corridors. This 3-bedroom, 1.5-bath home in the Fitzgerald neighborhood offers a great opportunity for a first time home buyer and a proven rental history for a savvy investor. This property has rented for $1,300+ /month since 2022 and with light touches can command even more today. Delivering 10% + cash on cash returns at a sub $100K acquisition price. The home was updated in recent years, giving the next owner a head start with key improvements already in place. A few minor finishing touches are all that stand between this property maximizing its full potential.What truly sets this listing apart is its location. The Fitzgerald neighborhood has been the focus of a major city led revitalization effort backed by the City of Detroit, the Kresge Foundation, Knight Foundation, and other major partners all investing in improving infrastructure, green space, and housing stock in this very area. The newly created Ella Fitzgerald Park and community murals are already transforming the neighborhood's look and feel, and Fitzgerald is recognized as one of Detroit's most affordable neighborhoods with a strong mix of long-time residents and newcomers. This is exactly the kind of stable, in-demand rental base investors want. The math works. The neighborhood is moving. Don't miss your window.

Highlights

Listed by Edgar Butler , 248-805-2554 @properties Christie's Int'l R.E. Birmingham , 248-850-8632. MichRIC

Property Type

Residential

Lot/Acreage
0.09

Year Built

1926

County

Wayne

School District

Detroit

Listing ID

20261036777

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:1
  • 1/2 Bathrooms:1
Appliances:Refrigerator, Range
Other:Public

Exterior Features

Roof:Asphalt
Sewer:Public
Parking Features:Detached
Principal Interest
$430
Taxes
$329

Home Price

$83,500

Loan Details

30 yrs
6.676%

Down Payment

20%
$16,700
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:
$429.98

Principal

Taxes

Principal Taxes HOA Total
Monthly $429.98 $328.58 $0.00 $758.57
Yearly $5,159.79 $3,943.00 $0.00 $9,102.79
Total $154,793.80 $118,290.00 $0.00 $273,083.80
Lender profile image
Brian Belinger
Loan Originator
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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.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC