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Jenn Smart

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120 Woodland , Detroit, MI 48202
$284,900
Est. Payment: $1,484.65/mo
5 Bed
4 Bath
2318 Sqft
Status: active | Days on site: 86
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

ATTENTION INVESTORS! Turnkey, income-producing opportunity at 120 Woodland Street, Detroit, MI! This beautifully remodeled 3-level property is professionally appraised at $315,000 and comes with a reliable tenant already in place paying $2,600 per month on a 12-month lease. The tenant has a strong history of paying rent on time, providing immediate cash flow of $31,200 in gross annual rental income from day one. Offering 2318 sq ft, this spacious home features 5 bedrooms, 2.5 updated bathrooms, new flooring, modern finishes, and a beautifully renovated kitchen with granite countertops, stylish cabinetry, and newer appliances. The partially finished basement provides additional usable space, while the oversized backyard adds even more tenant appeal. Ideally located just minutes from New Center and approximately 10 minutes from Downtown Detroit, with convenient access to restaurants, shopping, entertainment, major employers, and freeways. Whether you're expanding an existing port

Highlights

Listed by Sotero Lopez , (586) 863-3300 eXp Realty, LLC , (888) 501-7085. MiRealSource, Inc. mls logo

Property Type

Residential

Lot/Acreage
0.12

Year Built

1908

County

Wayne

Area

Detroit (82001)

School District

Detroit City School District

Listing ID

70532560

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:4
  • Full Bathrooms:4
Appliances:Microwave, Range/Oven, Refrigerator
Above Ground Sq Ft:2318
Below Ground Sq Ft:546
Water:Public Water

Exterior Features

Lot Dimensions:40 X 125
Principal Interest
$1,485
Taxes
$182

Home Price

$284,900

Loan Details

30 yrs
6.792%

Down Payment

20%
$56,980
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:
$1,484.65

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,484.65 $181.62 $0.00 $1,666.28
Yearly $17,815.84 $2,179.49 $0.00 $19,995.33
Total $534,475.27 $65,384.55 $0.00 $599,859.82
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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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Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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

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