Seize the opportunity to invest in a highly lucrative rental property, perfect for both long-term and short-term rentals. This multi-family property features spacious 3-bedroom units, ideal for attracting a wide range of tenants. Recently renovated floors add to its appeal and potential. With an ARV (After Repair Value) in the $250,000 range, this property promises significant returns. The motivated seller is retiring from the landlord business, making this an opportune moment to step in and add your personal touch to maximize its potential. Don't miss out on this exceptional investment opportunity!
This property is $114K more than the Median Sold Price and $0/SqFt less than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240052179
Listing Office:
Office Name: C-RED Realty Group, LLC
Office Phone: (313) 964-6884
Listing Agent: LaCenya Cobb
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,061
Per Month
Principal & Interest
$994
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
$663
Powered By
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
6
/10
George Defer Elementary School
15425 Kercheval Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-5
1
/10
Marvin L Winans Academy Elementary School
9740 McKinney St
Distance between this listing and this school1.73 miles
Public Charter Grades KG-5
1
/10
Wayne Elementary School
10633 Courville St
Distance between this listing and this school2.06 miles
Public District Grades PK-5
Nearby Schools
1
/10
J E Clark Preparatory Academy
15755 Bremen St
Distance between this listing and this school0.40 miles
Public District Grades PK-8
9
/10
Pierce Middle School
15430 Kercheval Ave
Distance between this listing and this school0.57 miles
Public District Grades 6-8
3
/10
Detroit Merit Charter Academy
1091 Alter Rd
Distance between this listing and this school1.03 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
East English Village Preparatory Academy at Finney
5020 Cadieux Rd
Distance between this listing and this school1.26 miles
Public District Grades 9-12
4
/10
Davis Aerospace Technical High School at Golightly
900 Dickerson St
Distance between this listing and this school1.62 miles
Public District Grades 9-12
10
/10
Grosse Pointe South High School
11 Grosse Pointe Blvd
Distance between this listing and this school1.66 miles
The neighbors living near this home have an average income of $55,743. The most common annual income of people living in Detroit, MI is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
This home is located at 3426 Haverhill St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 2,706 square foot home, which was built in 1925, sits on a 0.12 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since July 21, 2024 and is currently priced at $199,000.
In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.