Calling all investors! Fully TURNKEY opportunity and a great addition to your investment portfolio! Fully certified by the City of Detroit, rented, meeting all Section 8 standards, and a ROI of 12.09%. Property features a 2 bedroom 1 bathroom, Section 8 tenant on a yearly lease with a rent of $1,170/month. Seller has other similar properties for sale. Seller and agent are related.
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 1927
Stories: 2
Living Area: 924 SqFt
Listing Office:
Office Name: 3DX Real Estate, LLC.
Office Phone: (888) 304-1447
Listing Agent: Roxana Yeh
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 2
Exterior Features
Parking Information:
Garage Space: 2 spaces
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Forced Air
Other
Directions Information:
Directions: S of E 7 Mile Rd, E of Conant St
Price Information
Listing Price Info
Price Summary:
List Price: $110,000
Price Per SqFt: $119/SqFt
Tax Information:
Annual Amount: $637
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$617
Per Month
Principal & Interest
$550
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$396
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Mound Park Elementary School
5356 Toepfer Rd
Distance between this listing and this school1.83 miles
Public District Grades KG-5
2
/10
United Oaks Elementary School
1001 E Harry Ave
Distance between this listing and this school2.13 miles
Public District Grades KG-5
2
/10
Dickinson West Elementary School
2333 Burger St
Distance between this listing and this school2.23 miles
Public District Grades KG-6
Nearby Schools
1
/10
Dove Academy of Detroit
20001 Wexford St
Distance between this listing and this school0.67 miles
Public Charter Grades PK-8
2
/10
Legacy Charter Academy
4900 E Hildale St
Distance between this listing and this school0.84 miles
Public Charter Grades KG-8
1
/10
Mason Academy
19955 Fenelon St
Distance between this listing and this school1.03 miles
Public District Grades KG-8
Nearby Schools
2
/10
Pershing High School
18875 Ryan Rd
Distance between this listing and this school0.29 miles
Public Magnet Grades 9-12
2
/10
Michigan Cyber Academy
1551 E 8 Mile Rd
Distance between this listing and this school1.39 miles
Public District Grades 9-12
2
/10
Frontier International Academy
13322 Conant St
Distance between this listing and this school1.51 miles
The neighbors living near this home have an average income of $32,429. Typical income of Detroit, MI residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 19005 Gallagher St
What is the listing price of this property?
The listing price of 19005 Gallagher St property is $110,000.
What type of property is this?
The property 19005 Gallagher St is a house located in Detroit, Michigan, 48234.
Is this property for sale now?
Active Listing: 19005 Gallagher St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $637 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 19005 Gallagher St has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 19005 Gallagher St is 924 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 19005 Gallagher St is 1927.
This home is located at 19005 Gallagher St in Detroit, MI and zip code 48234 in the Conant Gardens neighborhood. This 924 square foot home, which was built in 1927, sits on a 0.07 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $110,000.
Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.