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Jenn Smart

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11437 Kenmoor , Detroit, MI 48205
$85,000
Est. Payment: $442.95/mo
3 Bed
2 Bath
1603 Sqft
Status: active | Days on site: 48
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Anuj Chand , 810-908-6470 Keller Williams First , 810-515-1503. MiRealSource, Inc. mls logo

Property Type

Residential

Lot/Acreage
0.12

Year Built

1938

County

Wayne

Area

Detroit (82001)

Neighborhood

Drennan & Seldons Lasalle College Park

School District

Detroit City School District

Listing ID

60994790

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Above Ground Sq Ft:1603
Basement:Unfinished
Other:
  • Additional:DSL Available
Water:Public Water

Exterior Features

Lot Dimensions:40X131
Principal Interest
$443
Taxes
$207

Home Price

$85,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$17,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$442.95

Principal

Taxes

Principal Taxes HOA Total
Monthly $442.95 $207.33 $0.00 $650.28
Yearly $5,315.36 $2,488.00 $0.00 $7,803.36
Total $159,460.86 $74,640.00 $0.00 $234,100.86
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T01:10:54.300Z

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