11437 Kenmoor Street, Detroit, Michigan 48205

$85,000

Property Details

MLS#: 20261036809
Bedrooms: 3
Bathrooms: 2
Square Feet: 1,603
Price per Sqft: $53
Lot Size: 0.12 acres
Year Built: 1938
Property Type: Residential
Status: Active
Days on Market: 15

Description

Here's a cash-flowing tenant occupied brick rental with strong fundamentals already in place. Priced at $85,000 and currently rented at $1,448/month until June 2027, this 3-bedroom, 2-bath single-family home offers investors immediate income and attractive rent-to-price performance. From an investor standpoint, the numbers are strong. At the current rent, the property produces $17,376/year in gross rental income, which equals approximately a 20.4% gross rent-to-price return. For DSCR-focused buyers, the rental income gives this property attractive coverage potential. Based on an estimated 75% LTV loan, the current rent produces a strong estimated DSCR before taxes and insurance, and the scheduled rent increase improves that position even further. Final DSCR will depend on lender rate, taxes, insurance, and underwriting guidelines. The home also offers several ownership advantages investors look for. Brick construction, a good roof, a new furnace in 2024, and a new hot water heater in 2024 help reduce near-term capital concerns. The 1,603 sq ft layout includes 3 bedrooms, 2 full baths, a fireplace, and newer windows, giving tenants the comfort and functionality that support long-term occupancy. This is the kind of asset investors want in a buy-and-hold portfolio: already rented, solid monthly income, durable brick construction, and recent mechanical updates. Please do not disturb the tenants. Contact us for details and showing instructions.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 11437 Kenmoor Street?

11437 Kenmoor Street is listed at $85,000, or $53 per square foot.

How many bedrooms does 11437 Kenmoor Street have?

This property has 3 bedrooms and 2 bathrooms, with 1,603 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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