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About This Home

This 3-bedroom, 1-bathroom single family at 11441 Balfour Road in Detroit, MI is listed for $95,000 ($86 per sqft). Built in 1948, the home offers 1,100 sqft of living space on a 0.12 acres lot.

Agent Description

Attention investors! Welcome to a rock-solid addition to your real estate portfolio. Priced at just $95,000, this tenant-occupied property provides immediate cash flow from day one, completely bypassing the hassle of rehab, marketing, and leasing. The home features a functional layout with three comfortable bedrooms and one full bathroom, complemented by a full basement that provides excellent storage or utility space.

Outside, the property includes a detached garage and a manageable yard, all situated in a high-demand rental pocket with easy access to local amenities and transit. From an investment standpoint, the numbers speak for themselves. With a current rent of $1,250 per month, the property generates a gross annual income of $15,000, providing an exceptional yield at this price point.

The home is occupied by a reliable, long-term tenant who treats the house like their own, giving you the peace of mind that comes with a proven payment history and zero immediate vacancy costs. This is the perfect hands-off asset for out-of-state investors or local buyers looking to scale their portfolios with minimal effort.

Properties with established, long-term tenants at this price point do not last long in today's market. Out of respect for the tenant's privacy, inspections and walkthroughs will only be arranged after a signed purchase agreement is in place. Please do not disturb the occupants. Serious inquiries only-contact us today to submit your contract for review. All measurements and square footage are estimated .

Key Features

  • Built in 1948
  • 0.12 acre lot
  • 2 stories

Property Details

2 stories
1 full
1948

Monthly Cost Estimate

$508/mo

20% down · 6.5% · 30 years

Principal$69
Interest$412
Insurance$28

Estimates only. Actual payments may vary.

Location

11441 Balfour Road

Detroit, MI 48224

S C Hadleys Sub Of Pt Pc 404

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 11441 Balfour Road is listed at $95,000 ($86/sqft). The estimated monthly payment is $412 based on 20% down at 6.5% interest.

Key features include: Built in 1948, 0.12 acre lot, 2 stories.

This property is listed by Hasan Khan and can be reached at (888) 501-7085 or hasan.khan.278457@exprealty.com.

HK

Hasan Khan

Agent at EXP Realty Main

(888) 501-7085

Listed by EXP Realty Main · View on Broker Site

MLS# 20261046701· Source: listhub· Updated 4 days ago

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11441 Balfour Road, Detroit, MI 48224

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