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Jenn Smart

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9809 Philip , Detroit, MI 48224
$80,000
Est. Payment: $416.89/mo
3 Bed
1 Bath
997 Sqft
Status: active | Days on site: 58
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Turnkey Detroit Investment Opportunity! This beautifully renovated 3-bedroom, 1-bath all-brick bungalow on Detroit's east side is the perfect addition to any investor's portfolio. Renovated in 2025, the property features updated finishes while maintaining its classic brick charm. Currently tenant-occupied at $1,050/month on a month-to-month lease, offering immediate cash flow from day one with additional upside potential through future rent increases over time. The tenant is current on all payments, takes pride in the home, and would like to remain in place for added stability. Professionally managed by a local property management company, giving buyers the flexibility to retain management for a seamless transition or self-manage the asset. Whether you're a seasoned investor or just getting started, this is a solid income-producing property with strong rental potential in a growing Detroit market. Subject to tenants right. Please do not disturb the tenants. No showings without an accepted offer. Photos were taken before the tenants moved in.

Highlights

Listed by Ryan Lonsway , 248-765-7691 Real Broker, LLC Troy , 517-200-3245. MiRealSource, Inc. mls logo

Property Type

Residential

Lot/Acreage
0.08

Year Built

1938

County

Wayne

Area

Detroit (82001)

Neighborhood

Park Manor Dev Cos Park Drive Sub

School District

Detroit City School District

Listing ID

60994629

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Above Ground Sq Ft:997
Basement:Unfinished
Water:Public Water

Exterior Features

Lot Dimensions:35X101.5
Principal Interest
$417
Taxes
$64

Home Price

$80,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$16,000
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:
$416.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $416.89 $64.17 $0.00 $481.06
Yearly $5,002.69 $770.00 $0.00 $5,772.69
Total $150,080.81 $23,100.00 $0.00 $173,180.81
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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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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Data last updated: 2026-09-02T03:11:55.100Z

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