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For sale 3 days ago

$75,000

3 bd 1 ba 959 sqft

11723 Rutherford, Detroit, MI 48227

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$1,100

Projected Rent **

$1,100

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Detroit 3 bed Cash flowing Bungalow

This fantastic 3 bedroom bungalow appeals to investors and homeowners alike! Minutes from Grandmont Rosedale and major freeways, this home is situated in the Grandale neighborhood and was fully updated in 2022. This update included an entirely new kitchen with shaker cabinets, granite countertops, tile backsplash, and LVP flooring throughout kitchen, dining, and living room. New carpet in the bedrooms, paint throughout, and vanity / toilet in the bathroom. Updates included a new roof and repairs to plumbing & electrical. Lots of space with the large unfinished basement and fenced in backyard for entertaining. For investors, the month to month tenant is willing to stay and current rents are at 1100/mo with room to increase. Can be a great cash flow property! Need 30 to 60 days for relocation for homeowners purchasing. Note that photos are from prior to move in, there may be minor wear and tear.

Location:

11723 Rutherford, Detroit, MI 48227

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.