Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
See all photos

$85,000

For Sale - Active
9280 Camley St, Detroit, MI 48224
1 Bed
1 Bath
1,452 Square Feet
0.16 Acres Lot
Built in 1944
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 27, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
$221
Cap Rate
9.3%
Cash-on-Cash Return
13.6%
Debt Coverage Ratio
1.51
Internal Rate of Return (5 years)
17.2%

Property Description


0.16 Acres Lot
Built in 1944
For Sale - Active
Units n/a

Well-maintained 2-bedroom, 1-bathroom brick ranch located on Detroit's east side. This solid investment property features updated interiors and a Section 8 tenant currently paying $800/month, providing consistent rental income with minimal turnover. This home is part of a performing 8-property investment package, including: 9424 Sanilac, 9350 Sanilac, 9403 Camley, 9438 Camley, 9451 Camley, 9327 Camley and 9200 Camley All properties in the portfolio are updated, tenant-occupied, and rental-certified, offering a turnkey opportunity for savvy investors looking to expand their Detroit portfolio with reliable cash flow. NO LAND CONTRACTS

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Detached
  • Details: Garage Faces Front, Detached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Brick

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 21068667.013
  • Lot Size: 6970 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1944

Tax Information

  • Annual Tax: $2,064

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air

Location

  • County: Wayne

Listing Details


Listed by:
Cecelia Dillard
KW Home Realty
(313) 516-3856

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25029101
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
$221
Cap Rate
9.3%
Cash-on-Cash Return
13.6%
Debt Coverage Ratio
1.51
Internal Rate of Return (5 years)
17.2%

Purchase Details

Find an Agent

Purchase price:
$85,000
Amount financed:
-$68,000
Down payment:
$17,000
Closing costs:
$2,550
Rehab costs:
$0
Initial cash invested:
$19,550
Square feet:
1,452
Cost per square foot:
$59
Monthly rent per square foot:
$0.83

Financing Details

Find a Lender

Loan amount:
$68,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$435
Property tax:
$172
Insurance:
$84
Private mortgage insurance (PMI):
$0
Monthly payment:
$691

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,200 $14,400
Vacancy loss: (6%)
6% -$72 -$864
Operating income:
$1,128 $13,536

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$172-$2,064
Insurance: (7%)
7%-$84-$1,008
Property management: (8%)
8%-$96-$1,152
Repairs & maintenance: (5%)
5%-$60-$720
Capital expenditures: (5%)
5%-$60-$720
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$472-$5,664

Cash Flow


Monthly Yearly
Net operating income:
$656 $7,872
Mortgage payments:
-$435 -$5,220
Cash flow:
$221 $2,652