8467 Plainview Avenue Detroit

$61,000
SKU: 1893
Property type: House
Area (Sq Ft)
701
Bedrooms
3
Bathrooms
1

Financial Details

  • Est. Rent PCM: $850
  • Yearly Income: $10,200
  • Management: $1,020
  • Taxes: $1,122
  • Insurance: $500
  • Net Income : $7,558
  • Net Yield: 12.39%

Description

UNDER RENOVATION: This newly acquired three bedroom/one bathroom single-family home is located on Plainview Avenue in the O´Hair Park neighborhood of Detroit. The property is in good condition but is currently being cleaned and undergoing repairs. Walls are being repainted, new carpet is being installed throughout the entire house, kitchen cabinets are being repaired and the basement walls and floors are being updated.

O´Hair Park is a residential area that is perfect for families. There are many parks, bike trails, schools, churches, and amenities in the area. Downtown Detroit is approximately a 20-minute drive away.

The property 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.