5261 24th St

Detroit, MI 48208
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3 bd, 1 ba | 1,132 sqft | Built in 1910

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List Price
$91,000

Initial Investment

$24,798

Purchase Price

$91,000

Down Payment

25%

Rent

$1,150

Total Return

$54,880

Annualized Return

29.4%

Cap Rate

8.8%

Gross Yield

15.2%

Cash Flow

$2,390

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,049

HOA

None

Flood Risk

Not Required

Great opportunity to transform a classic 3-bedroom residence into a high-yield investment property. Sale includes the main house plus three adjacent lots! Step inside to discover beautifully preserved hardwood floors that flow throughout the home and each room illuminated by abundant natural light! The spacious rooms offer a flexible floor plan ready to be tailored to modern tastes. With the prime expansion opportunity and room for creative vision, this property is ready for your customization!

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$13,110

Expenses

-$3,273

Property Taxes

-$2,500

Loan Payments

-$4,947

Net Cash Flow

$2,390

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:Dior James
Agent License 6501451038
Dior James
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250026638
Last Updated: 04/17/2025 10:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.