Listed by Propfoxx
$79,000
Faust Rental SFR
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 677
Units 1
Price per SqFt $117
Class B
Year Renovated 2025
Buildings 1
Stories 1
Ownership Private
Multifamily | 1 Unit | $79,000/unit
Marketing description
Turnkey Cash-Flow Asset | Detroit Greenfield
$85,000 | 2BD/1BA Ranch | 677 SF | Fully Renovated
Rent-ready single-family in stabilizing neighborhood adjacent to O'Hair Park. New roof, flooring, kitchen, bath. Full basement adds 677 SF flex space.
Below replacement cost acquisition ($150–$180/SF new construction). Quiet residential block, owner-occupant demand, major roadway access.
Timeline: 30–45 days to lease | 75–90 days to first rent
Perfect for yield-focused investors seeking boring, predictable Detroit cash flow.
Investment highlights
Investment Highlights:
Market Rent: $950/month
Gross Yield: 13.4%
Net Cash Flow: 10–11% unlevered | 14–20% leveraged (25% down)
ARV: $110K–$125K
Zero rehab risk – immediate lease-up
Listing Contacts
Listed by Propfoxx
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