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11437 Kenmoor Street

Detroit, Michigan 48205
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Bed 3

Bed

Bath 2

Bath

SqFt1,603

Sqft

Acres0.12

Acre(Lot)

Here's a cash-flowing tenant occupied brick rental with strong fundamentals already in place. Priced at $85,000 and currently rented at $1,375/month, with a scheduled increase to $1,448/month, this 3-bedroom, 2-bath single-family home offers investors immediate income and attractive rent-to-price performance. The tenant is currently month-to-month and is willing to sign an annual lease if the next owner prefers longer-term stability. From an investor standpoint, the numbers are strong. At the current rent, the property produces $16,500/year in gross rental income, which equals approximately a 19.4% gross rent-to-price return. At the scheduled rent increase of $1,448/month, annual gross rent rises to $17,376/year, increasing the gross rent-to-price return to approximately 20.4%. For DSCR-fo cused buyers, the rental income gives this property attractive coverage potential. Based on an estimated 75% LTV loan, the current rent produces a strong estimated DSCR before taxes and insurance, and the scheduled rent increase improves that position even further. Final DSCR will depend on lender rate, taxes, insurance, and underwriting guidelines. The home also offers several ownership advantages investors look for. Brick construction, a good roof, a new furnace in 2024, and a new hot water heater in 2024 help reduce near-term capital concerns. The 1,603 sq ft layout includes 3 bedrooms, 2 full baths, a fireplace, and newer windows, giving tenants the comfort and functionality that support long-term occupancy. This is the kind of asset investors want in a buy-and-hold portfolio: already rented, solid monthly income, durable brick construction, recent mechanical updates, and upside with a scheduled rent increase. Please do not disturb the tenants. Contact us for details and showing instructions.

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Detail Ic Property Details

Property Type : Residential

Price : $85,000

AD Id : 78972746

MLS Id : 20261036809

Beds : 3

Lot Size : 0.12 Acre

Living Area Size : 1,603

Year Built : 1938

Garage : No Garage

County : Wayne

Subdivision: Drennan & Seldons Lasalle College Park

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Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2
  • Room Information

    Total Rooms: 9

    Interior Features

    High Spd Internet Avail Basement Description: Unfinished Fireplace: Yes
  • Heating & Cooling

    Heating: Forced Air Heating Fuel: Natural Gas

    Fireplace

    Living Room

    Water Heater

    Natural Gas

  • Building Information

    Year Built: 1938 Building Stories: 2 Story Fireplace: Living Room Foundation/Basement: Basement Architecture: Bungalow
  • Exterior Features

    Construction: Brick
  • Utility Features

    Sewer: Sewer (Sewer-Sanitary)
  • Water

    Public (Municipal) Water Heat: Natural Gas

  • Lot Information

    Lot Size: 0.12 Lot Dimensions: 40X131 Frontage Feet: 40
  • Property Information

    SQ ft: 1603 Subdivision: Drennan & Seldons Lasalle College Park Financing: Cash,Conventional,FHA,Warranty Deed

  • Listing Price Information

    Original List Price: $85,000
  • Listing Information

    Possession: Rental Agreement Legal Description: N KENMOOR 550 DRENNAN & SELDONS LASALLE COLLEGE PK SUB L47 P28 PLATS, W C R 21/697 40 X 131

  • Tax Information

    Annual Tax: $2,488 Parcel Number: W21I014091S
  • Possession

    Rental Agreement
  • Legal Information

    Legal Description: Section: N KENMOOR 550 DRENNAN & SELDONS LASALLE COLLEGE PK SUB L47 P28 PLATS, W C R 21/697 40 X 131

  • Parking Information

    Garage Size: No Garage
  • Multi-Unit Information

    Road Frontage: Paved

  • School Information

    School District: Detroit
  • Fire Place Information

    Fire Place: Yes Fire Place Location: Living Room Fire Place Type: Natural
  • Utility Information

    Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/24/2026 @ 08:32

MLS: 20261036809 LISTED BY: Anuj Chand , Keller Williams First 810-515-1503 SOURCE: Realcomp II Ltd

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