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Jim Blehm

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

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16514 Burt Rd , Detroit, MI 48219
$79,900
Est. Payment: $177.56/mo
3 Bed
1 Bath
858 Sqft
Status: Active | Days on site: 42
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399147 - 427638
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

FULLY TENANT-OCCUPIED SECTION-8 INVESTMENT PROPERTY RENTED AT $905/MONTH — BELOW MARKET VALUE — WITH A LONG-TERM TENANT OF OVER?8?YEARS. CURRENT RENT IS SIGNIFICANTLY BELOW AVERAGE FOR THE AREA AND CAN BE INCREASED TO THE CURRENT FAIR MARKET RENT OF $1,630/MONTH FOR A 3-BED WITH A 60-DAY NOTICE. LISTED AT $84,900, THIS PROPERTY OFFERS STABLE, GUARANTEED INCOME AND STRONG UPSIDE POTENTIAL. LOCATED IN A SOLID RENTAL POCKET OF WEST DETROIT, THIS 3-BEDROOM BUNGALOW IS PROFESSIONALLY MANAGED AND REQUIRES NO REHAB. RECENT UPGRADES INCLUDE A NEW ROOF, NEW MECHANICALS, AND OTHER MAJOR COMPONENTS, MAKING THIS A LOW-MAINTENANCE, TURNKEY ASSET.WITH 20% DOWN AND STANDARD INVESTOR FINANCING, THIS IS A HIGH-YIELD OPPORTUNITY THAT DELIVERS CONSISTENT RETURNS. TAXES AND INSURANCE ARE AFFORDABLE, AND THE TENANT’S LONG HISTORY REDUCES TURNOVER RISK. IDEAL FOR LOCAL OR OUT-OF-STATE INVESTORS SEEKING RELIABLE CASH FLOW WITH MINIMAL HEADACHES. SHOWINGS ONLY AFTER ACCEPTED OFFER. DO NOT DISTURB TENANT. PROOF OF FUNDS OR PRE-APPROVAL REQUIRED.
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Highlights

Listed by Yasir Abulaban , 313-377-3138 Own It Realty , 313-395-0000.

Property Type

Residential
Lot/Acreage
0.14

Year Built

1942

County

Wayne

 School District

Detroit

Listing ID

20261062084

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Other:
  • ▪ Additional:Master on Main
Water:Public

Exterior Features

Sewer:Public
Parking Features:Detached
Principal Interest
$178
Taxes
$109

Home Price

$79,900

Loan Details

30 yrs
%

Down Payment

20%
$15,980
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:
$177.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $177.56 $109.08 $0.00 $286.64
Yearly $2,130.67 $1,309.00 $0.00 $3,439.67
Total $63,920.00 $39,270.00 $0.00 $103,190.00

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.