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33456815
33456824

8443 Chalfonte St, Detroit, MI 48238

SL
MI 6501379765
eXp Realty LLC - Michigan
Listed by eXp Realty LLC - Michigan
$90,000
517 days on market
Updated 2 days ago

8443 CHALFONTE Street, Detroit 48238

Details
Property Type Special Purpose
Sub Type Single Family Rental
Square Footage 1,098
Cap Rate 11.78%
NOI $10,600
Occupancy 100%
Tenancy Single
Year Renovated 2024
Lot Size (SqFt) 4,312
Zoning Residential
Occupancy Date 03/01/2024
Ground Lease No

Beautifully Remodeled Colonial Home in Detroit

Marketing description

Beautifully Remodeled Colonial Home in Detroit – INVESTMENT OPPORTUNITY This single family home generates a net profit of $10,600 annually. Tenant is on a month to month. The current tenant is month to month paying $1300 per month and is willing to stay on and willing to pay more for rent. Rents are under market. You can rent this for $1400-$1500 per month. Welcome to your stunningly remodeled 2-story colonial home! Nestled in a charming neighborhood, this 3-bedroom, 1-bathroom home has been meticulously updated to blend modern convenience with timeless style. Step inside and be greeted by fresh, new flooring that enhances the home’s elegant design. Each of the three spacious bedrooms provides comfort and tranquility, while the modernized bathroom is both stylish and functional. Highlights include a new roof, updated plumbing, electrical, and heating systems. Prime location south of Fenkell, east of Wyoming. No showings until an accepted offer—act fast! No seller financing.

Listing Contacts

SL
MI 6501379765
eXp Realty LLC - Michigan
Listed by eXp Realty LLC - Michigan

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$10,600.00
$883.33/mo

Valuation Metrics

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DSCR
11.78%
Cap Rate
11.78%
ROI

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