8449 Penrod St, Detroit, MI 48228

3 beds1 bath686 sqft

For Sale
$16,500
Zestimate®: $31,265
Est. Mortgage
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My Notes

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Priced to sell! This 3 bedroom bungalow has had the same tenant for 15 years paying $650/month. Excellent investment opportunity for an investor looking to pick up an immediate cash flow positive property. Low taxes, tenant plans to stay very long term! You don't find these often!! Taxes are very low as well which helps your return!

Facts

  • Lot: 6,098 sqft
  • Single Family
  • Built in 1942
  • 102 days on Zillow
  • Views: 5,266 all time views
  • 3 shoppers saved this home
  • Heating: Forced air
  • Price/sqft: $24
  • MLS #: 215014132

Features

  • Parking: 1 space, 484 sqft

      Additional Features

      • Construction Materials \ Vinyl, Foundation Details \ Slab, School District \ Detroit, Water Source \ Municipal Water, Road Frontage Type \ Pub. Sidewalk, Garage Size \ No Garage, Architecture Level \ 1 1\2 Story, Sewer \ Sewer at Street, MLS Area Major \ Det - Joy-Dbn Ht Grnfld-Limits, Last Change Type \ New, Foundation Materials \ Other, Transaction Type \ Sale

      Construction

      • Exterior material: Vinyl
      • Roof type: Asphalt
      • Room count: 1
      • Stories: 1
      • Structure type: Bungalow

      Other

      • Floor size: 686 sqft
      • Heating: Gas
      • Lot depth: 139
      • Lot width: 45
      • Parcel #: 220781167
      • Zillow Home ID: 88201374

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      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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      $31,265
      -$434 Last 30 days
      $27K
      $34K
      Zestimate range
      Rent Zestimate 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
      $740/mo
      +$5 Last 30 days
      $592
      $784
      Zestimate range
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      $XXX,XXX
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      Comparable Homes

      Homes like this sold for $19-55K.

      $10K
      $60K

      Popularity on Zillow

      230 views since listing
      5,266 all-time (chart)
      3 shoppers saved
      this home to their list of favorites

      Mortgages

      Neighborhood

      Market guide

      Zillow predicts Warrendale home values will decrease 5.4% next year, compared to a 1.8% fall for Detroit as a whole. Among Warrendale homes, this home is 47.1% less expensive than the midpoint (median) home, and is priced 38.5% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In Warrendale, the number of foreclosures waiting to be sold is 75% greater than in Detroit, and 806.7% greater than the national average. This higher local number may prevent Warrendale home values from rising as quickly as other regions in Detroit.

      Learn more about forecast calculations or Warrendale home values.
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        Nearby Schools in Detroit

        GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org