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Archived 6 months ago

$59,000

3 bd 1 ba

19853 Grandview St, Detroit, MI 48219

Residential SFR Occupied

Current Rent **

$972

Projected Rent **

$1,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Occupied Turnkey | Tenant Since 06/05/2018!

3/1 | 1,105 Sq Ft.
Class: C
Current Rent: $972/month
Rent-to-Price Ratio (RTP): 1.6

Why Invest?
- Perfect opportunity for both new and seasoned investors
- Strong Cash Flow: $972/monthly rent with low $59,000 price (1.6 RTP)
- Low Entry Point: Affordable way to enter or expand in Detroit
- Value-Add Upside: Light rehab = higher rent
- BRRRR Potential: Ideal for experienced investors

Dont miss this affordable Metro Detroit Investment!

Basement: Partially Finished
Garage: 1.5 Car
Lot Size: 42 x 120
HVAC: Forced Air, Gas/Electric, to be installed after closing
Appliances: Porch, Refrigerator, Stove, dish washer

Contact us now to write an offer!

NO SHOWING UNTIL ACCEPTED OFFER!
DO NOT DISTURB TENANT OR YOUR OFFER WILL BE REJECTED!

Location:

19853 Grandview St, Detroit, MI 48219

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.