20022 Pinehurst Street Detroit

$58,000
Sold
SKU: 1944
Property type: House
Area (Sq Ft)
856
Bedrooms
2
Bathrooms
1

Financial Details

  • Est Rent PCM: $850
  • Yearly Income: $10,200
  • Management: $1,020
  • Taxes: $707
  • Insurance: $500
  • Net Income: $7,973
  • Net Yield: 13.75%

Description

This two bedroom/one bathroom single-family home is located on Pinehurst Street in the highly sought after Eight Mile Wyoming neighborhood of Detroit. This historic location is home to a diverse community of residents with excellent schools, shopping, and restaurants all within walking distance.

The 856 square foot resale property stands on a 4,792 square foot lot with a nice private yard. It is currently in good condition but being cleaned and undergoing minor updates.

It will be ready to be rented approximately 40 days after closing on the property. 

The average rent of similar properties in this neighborhood is $850 per month and Masterkey predicts it can be rented for this amount, give or take $50.