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Jenn Smart

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15514 Griggs , Detroit, MI 48238
$120,000
Est. Payment: $625.34/mo
3 Bed
1 Bath
1565 Sqft
Status: active | Days on site: 77
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Attention Investors: Don't miss this opportunity to add this property to your portfolio! With a CAP rate slightly above 9% (excluding mortgage payments), this property is highly attractive. Located just steps from the M10, this home features 1,565 sqft of living space on a 3,789 sqft lot. The property boasts three spacious bedrooms on the upper level, plus the potential of fourth bedroom on the main floor. It also includes a spacious living room, dining room, kitchen, a partially finished basement, a two-car garage, and a backyard. Don't let this magnificent opportunity to make it yours!. The current tenant has lived in the home for five years, always paying on time; starting in June, they will be paying a monthly rent of $1,100.00, and they are interested in continuing to rent the property. Do not miss out on this excellent business opportunity. Schedule your showing today. B.A.T.V.A.I.

Highlights

Listed by Jesus Coronado , 313-587-2505 EXP Realty Main , 888-501-7085. MiRealSource, Inc. mls logo

Property Type

Residential

Lot/Acreage
0.09

Year Built

1938

County

Wayne

Area

Detroit (82001)

Neighborhood

Northwestern Hwy

School District

Detroit City School District

Listing ID

60985727

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Above Ground Sq Ft:1565
Below Ground Sq Ft:801
Basement:Finished
Water:Public Water,Public Water at Street

Exterior Features

Lot Dimensions:35X108
Sewer:Public At Street
Parking Features:Detached Garage
Principal Interest
$625
Taxes
$114

Home Price

$120,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$24,000
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:
$625.34

Principal

Taxes

Principal Taxes HOA Total
Monthly $625.34 $113.63 $0.00 $738.97
Yearly $7,504.04 $1,363.57 $0.00 $8,867.61
Total $225,121.21 $40,907.10 $0.00 $266,028.31
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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.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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: 2026-09-02T03:11:55.100Z

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