19789 Meyers Rd

Detroit, MI 48235
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4 bd, 2 ba | 1,782 sqft | Built in 1946

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List Price
$169,900

Initial Investment

$46,298

Purchase Price

$169,900

Down Payment

25%

Rent

$1,870

Total Return

$90,773

Annualized Return

28.0%

Cap Rate

9.2%

Gross Yield

13.2%

Cash Flow

$5,580

Appreciation

6.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome to this lovely updated duplex pair located in the Greenwich neighborhood of Detroit. Each of the two side by side units are 2 bedroom, 1 bath, brick with separate entrances and garages. Step in through either front door and notice the neutral color palette throughout. Inside you will find an open living room and dining room with double glass doors leading to the study/library, a bright kitchen, and 2 sizable bedrooms. Outback is a fenced backyard, 3 seasons room off one unit, 2 garages and a storage shed! This property is perfect as a primary with rental next door or fully rental for anyone who wants the feel of a smaller community but is still close enough to the amenities of a city. Being just a few blocks away from schools and parks and minutes from 696 freeway, provides easy access to recreation, shopping, restaurants and activities in both Downtown Detroit and Metro Detroit Suburbs. Within 10 miles there are over 350 dining options, 30 parks, recreation centers and golf courses. Welcome to Greenfield/San Bernardo!! Note: This property has two separate ID parcels and therefore cannot be closed with fha/va and must be either cash or two separate conventional loans for the parcels. The seller tried to get the city to combine both parcels so we could accept fha/va however the city refused.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$21,318

Expenses

-$4,692

Property Taxes

-$1,810

Loan Payments

-$9,237

Net Cash Flow

$5,580

See 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:Jeremy Burgess
Agent License 6501395393
Jeremy Burgess
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20240078710
Last Updated: 06/12/2025 02:06
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