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Buy&Hold (Rental): 19656 Mitchell ST, Detroit, MI 48234 + $59,000

Writer's picture: Promise Land Realty Promise Land Realty

Single Family Investment Opportunity









Price

$59,000


Off-Market Listing: High-Yield Investment at 19656 Mitchell, Detroit, MI 48234



Property Overview:

  • Address: 19656 Mitchell, Detroit, MI 48234

  • Asking Price: $59,000

  • Type: Single Family Home (SFH)

  • Tenant Occupied: Yes

  • Monthly Rent: $900

  • Net ROI: 16%


Investor Opportunity: This off-market single-family home at 19656 Mitchell presents a prime investment opportunity for those seeking properties that exceed the 1% rental yield rule. Currently tenant-occupied and generating $900 per month in rental income, this property offers a net ROI of 16%, making it an attractive addition to any real estate portfolio.

Priced competitively at $59,000, this property guarantees a strong return on investment with minimal effort required. The consistent rental income and high ROI ensure long-term profitability, ideal for investors looking to maximize their returns.


Key Highlights:

  • Tenant-occupied with $900/month rental income

  • High net ROI of 16%

  • Meets and exceeds the 1% rental yield rule


Submit Offers: All offers should be submitted directly to investments@promiselandrealtyllc.com.


Urgency Notice: Opportunities like this don't last long. Act quickly to secure this high-yield property and enhance your investment portfolio. Contact us today to learn more and to schedule a viewing.


Property Comps



"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"





PROMISE LAND REALTY, LLC

Work: 864-762-2509


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

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