15860 Hartwell St, Detroit, MI 48227

5 beds, 2 baths, 1,300 sqft
For Sale
$73,500
Zestimate®: $35,118
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PROPERTY DETAILS: BEDROOMS: 5 BATHS: 2 SQ FT: 1,300 YEAR BUILT: 1928TYPE: Single Family CASH FLOW ANALYSIS: MONTHLY RENT PMT :$825 ANNUAL RENT :$9,900ESTIMATED* HAZARD INSURANCE: $425ESTIMATED* PROPERTY TAXES: $1,205PROPERTY MANAGMENT EXP: $594 ESTIMATED* NET INCOME: $7,676Net Yearly Return on Investment: 10.2%Do you think this home will appreciate in 5 to 10 years? If you sell at that time the appreciation just an added bonus over what you invested in this home.SHORT REMARKSProperty is professionally managed, no landlording! (6% Management fee above) Property is leased with a 24 month lease that expires end of Feb 2016FULL REMARKSNice big colonial home on a quiet street of Detroit. The home has five bedrooms and two baths. The property has been well maintained and will make a great addition to your rental portfolio. The current rent is $825 per month. Property management is in place. Turnkey Investment properties available to purchase (usually about 50 in inventory at any given time).Already rehabbed, rented, and property managed. (10% ave. net return on investment per year). No land lording calls at anytime!In cash flowing markets (nationwide) with huge upside appreciation potentialWorking middle class single family homes. Most home purchase prices between $50k and $80kFunding Options:* Cash *Bank Wire *Credit Cards * S.D. IRA * Financing available (50% down)**If your IRA is not earning 10%, ask me how you can easily roll it over into a self directed IRA and purchase real estate with a much bigger return! If your IRA is making only 3% or less then you are losing money due to inflation.Call the office at 248-301-1344.  MoreLess
Facts
  • Lot: 3,920 sqft
  • Single Family
  • Built in 1928
  • 10 days on Zillow
  • Last sold: Apr 2013 for $13,000
  • Price/sqft: $10
Features
  • Fenced Yard
  • Lawn
  • Parking: Garage - Attached, Garage - Detached
Additional Features
  • Living room, Vintage
Appliances Included
  • Range / Oven
Construction
  • Exterior material: Brick
  • Roof type: Asphalt
  • # Stories: 2.0
Other
  • Floor size: 1,300 sqft
  • Lot depth: 116
  • Lot width: 35
  • Parcel #: 22028729
  • Zillow Home ID: 88171080
Home Values
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The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$35,118
+$3,517 Last 30 daysd
$29K
$41K
Zestimate range
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$781/mo
+$1 Last 30 daysd
$640
$828
Zestimate range

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Neighborhood for 15860 Hartwell Street

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Zillow predicts 48227 home values will increase 0.5% next year, compared to a 0% rise for Detroit as a whole. Among 48227 homes, this home is 78.8% more expensive than the midpoint (median) home, and is priced 47.4% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 48227 market, the number of foreclosures waiting to be sold decreased 108.4% in the last year. The number of unsold foreclosures is 16.6% greater than in Detroit, and 464% higher than the national average. This higher local number may prevent 48227 home values from rising as quickly as other regions in Detroit.

Learn more about forecast calculations or 48227 home values.
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    Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

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