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.
58 days
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264
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25
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Zillow last checked:
Listing updated:
Listed by:
Anuj Chand810-908-6470,
Keller Williams First810-515-1503
Source: Realcomp II,MLS#: 20261036809
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Primary bedroom
Level: Second
Area: 180
Dimensions: 15 X 12
Bedroom
Level: Entry
Area: 110
Dimensions: 11 X 10
Bedroom
Level: Entry
Area: 100
Dimensions: 10 X 10
Other
Level: Entry
Other
Level: Basement
Bonus room
Level: Second
Area: 90
Dimensions: 10 X 9
Dining room
Level: Entry
Area: 72
Dimensions: 9 X 8
Kitchen
Level: Entry
Area: 80
Dimensions: 10 X 8
Living room
Level: Entry
Area: 143
Dimensions: 13 X 11
Heating
Forced Air, Natural Gas
Features
High Speed Internet
Basement: Full,Unfinished
Has fireplace: Yes
Fireplace features: Living Room, Wood Burning
Interior area
Total interior livable area: 1,603 sqft
Finished area above ground: 1,603
Property
Parking
Parking features: No Garage
Features
Levels: Two
Stories: 2
Entry location: GroundLevelwSteps
Pool features: None
Lot
Size: 5,227 Square Feet
Dimensions: 40 x 131
Details
Parcel number: W21I014091S
Special conditions: Short Sale No,Standard
Construction
Type & style
Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence
Materials
Brick
Foundation: Basement, Block
Condition
New construction: No
Year built: 1938
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Subdivision: DRENNAN & SELDONS LASALLE COLLEGE PARK
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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