Oakfield Avenue Detroit

$49,000
SKU: 2495
Property type: House
Area (Sq Ft)
800
Bedrooms
2
Bathrooms
1

Financial Details

  • Est. Rent PCM: $800
  • Yearly Income: $9600
  • Management: $960
  • Taxes: $902
  • Insurance: $550
  • Net Income : $7188
  • Net Yield : 14.67%

Description

Perfect Investment Property

Oakfield Avenue is a very nice ranch style home that was built in 1950. It is compromised of two bedrooms, one bathroom, kitchen, dining room, and living room. It features hardwood floors and bright living spaces. It is located on a nice quiet street with paved sidewalks and mature trees. In terms of size, this property has 732 square feet of living space and sits on a 3,920 square foot plot.

The property is situated in the Detroit Public Schools Community District which has 10 schools in its vicinity and O´Hair Park nearby. Located in the Greenfield Road/West 7 Mile Road community, residents have access to multiple shopping centers, restaurants, and amenities.

The property is currently being cleaned and undergoing minor updates. Photos of the interior will be available once the maintenance work is completed.

The home will be ready for renting approximately 40 days after closing on the property. MASTKERKEY estimates the rental price will be around $800 per month, give or take $50.