This traditional bungalow home presents an unbeatable investment opportunity in a quiet, desirable neighborhood. With tenants who have called this property home for the past 8 years and are eager to stay, this rental offers a steady cash flow at $800/month, with potential to increase. Whether you're a seasoned investor or just starting, this property is a solid choice for your next move!The home features charming hardwood floors throughout and a decent-sized backyard—ideal for tenants or future buyers looking to make it their own. While some light cosmetic work is needed, the home has great bones and plenty of potential to enhance its value.Recent updates include a new electrical meter and panel, offering added peace of mind, and a new hot water tank, so you won’t have to worry about major repairs anytime soon. The property also includes a 1-car garage, providing valuable storage or parking space.Conveniently located near I-96 and Southfield Freeway, this property offers easy access to major routes, making commuting a breeze for tenants. The motivated seller is ready to make a deal, and the home is being sold as-is—bring your offers and seize this prime opportunity!Don’t miss out on this hidden gem that just needs a little TLC to truly shine. The possibilities are endless—this is an investment you won’t want to pass up!
4 weeks ago | Listing updated with changes from the MLS® | |
4 weeks ago | Status changed to Pending | |
4 weeks ago | Listing first seen on site |
Provider and Settlement Service | Charge or Range of Charges |
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Sonic Realty LLC | 1%-6% of purchase price |
Sonic Title Agency, LLC |
Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.) Title Search Fee: $250 - $325 (where applicable) Closing Fee: $450 - $650 |
Sonic Loans Inc. This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing. |
Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees) Loan Discount Fee/points: 0.5%-6% of loan amount. Application/Processing Fee: $0.00 - $875.00 Flood and tax service: $0.00 - $95.00 Underwriting Fee: $0.00 - $1295.00 Document Review Fee: $0.00 - $400.00 Appraisal Fee: $0.00 - $850.00 Credit Report Fee: $0.00 - $135.00 Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing. |
Provider and Settlement Service | Charge or Range of Charges |
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Appraisal Fee | $0-$800 |
Credit Report Fee | $63-$125 |
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