About this home

Turn-key investment opportunity in one of Detroit's fastest-rising eastside neighborhoods! This recently renovated 5-bedroom, 2-bath home offers strong cash flow with a current rental income of $1,900/month. Updates throughout provide low maintenance and immediate returns, making it ideal for both seasoned and first-time investors. Spacious layout, solid tenant appeal, and positioned in a high-growth area with increasing demand--this is a prime addition to any portfolio. Don't miss your chance to secure a performing asset in a rapidly appreciating market.

What it's like to live here

AI

Listed by

Justin Johnson

River Shore Realty, LLC

(313) 333-6772 jnjohns83@gmail.com

Property details

Price: $124,900
Bedrooms: 5
Bathrooms: 2
Interior: 2,073 sqft
Price / sqft: $60
Year built: 1930
Lot size: 4,792 sqft
Type: Single Family
Est. property tax: $1,811/yr · $151/mo · 1.45% MI avg
Last sold: $50,000 · Jan 2021

Estimated monthly payment

Down payment20% ($24,980)

Interest rate6.75%

Principal & Interest$648

Property Tax$114

Insurance$150

Total$913/mo

Can I afford this?

See what fits your income

Price history

▼ 8%Most recent change on 2026-05-09: $124,900 → $114,900.

$50K · Jan 21$115K · May 26

May 9, 2026$114,900Relisted
Apr 26, 2026$124,900Initial list price
Feb 9, 2026$1,900Price change
Oct 20, 2025$2,200Price change
Jul 17, 2024$1,800Price change
Jun 11, 2021$95,000Initial list price
Jan 27, 2021$50,000Sold

Location

This home is located in Detroit, MI. Browse more Detroit listings on the Detroit market page or explore the full Detroit market report.

About Detroit: Detroit is the most populous city in the U.S. state of Michigan. It is situated on the bank of the Detroit River across from the Canadian city of Windsor, Ontario. It is the 26th-most populous city in the United States and the largest U.S. city on the Canada–United States border, with a population of 639,111 at the 2020 census. The Metro Detroit area, at over 4.4 million people, is the 14th-largest metropolitan area in the nation and second-largest in the Midwest. The county seat of Wayne County, Detroit is a significant cultural center known for its contributions to music, art, architecture, and design, in addition to its historical automotive and industrial background. (source: Wikipedia)

Climate: Average year-round temperature is 52°F with 201 dry days per year and 35.1 inches of annual rainfall.