This fully renovated 4-bedroom, 1 bath home on Beaverland St sits on the east side of Detroit with a tenant already in place paying $1,400 a month, right around 2 percent ROI of list price and the kind of cashflow number that's tough to find in today's market. The seller recently completed a full renovation along with a two-bedroom addition off the back of the home, taking it from a smaller layout to a spacious four bedroom that commands more rent and gives the next owner real upside. The roof and HVAC system are both approximately three years old, taking two of the biggest ticket items off the table for years to come. Whether you're growing a rental portfolio or picking up your first investment property, this one comes turnkey with the heavy lifting already done.
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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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