17199 Wormer St
Detroit, MI 48219
List Price
$94,900
Initial Investment
$25,860Purchase Price
$94,900
Down Payment
25%
Rent
$1,370
Total Return
$16,348
Annualized Return
13.1%
Cap Rate
10.0%
Gross Yield
17.3%
Cash Flow
$3,573
Appreciation
-0.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
5,663
HOA
None
Flood Risk
Not Required
Attention Investors & First-Time Home Buyers!
Charming Bungalow in a Sought-After Neighborhood
Welcome to 17199 Wormer St – a beautifully maintained 3-bedroom, 1-bath bungalow located in one of Detroit’s most desirable and quiet neighborhoods, where homes rarely become available! This move-in ready gem features brand new windows and a new roof, offering long-term value and peace of mind.
The home includes a fully finished, tiled basement perfect for extra living space or storage, a 1-car garage, and a generous backyard. Recently tenant-occupied, the property was generating $1,100/month in rental income—making it an excellent option for investors or buyers looking to offset their mortgage.
Whether you're looking to grow your portfolio or purchase your first home, this is a rare opportunity in a high-demand area. Don’t wait—schedule your showing today!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$15,618Expenses
-$4,236Property Taxes
-$2,650Loan Payments
-$5,159Net Cash Flow
$3,573See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:John Echterling
Agent License 6501415490
@properties Christie's Int'l R.E. Detroit
Agent License 6501415490
@properties Christie's Int'l R.E. Detroit
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250025623
Last Updated: 04/17/2025 15:04
MLS #20250025623
Last Updated: 04/17/2025 15:04