USAMIDetroitDrennan & Seldons Lasalle College Park (Plats)11437 Kenmoor St

11437 Kenmoor St, Detroit, MI

Name: 11437 Kenmoor St, For Sale in Detroit - eXp Realty
Brand: Keller Williams First
SKU: 20261036809
Price: 85000 USD

House

For Sale

Listed price in listed location currency (USD).

$85,000

320

MLS® 20261036809

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1603 sqft

Garage

Taxes $2,488

Days Active 0

Lot Size

Approx. Age 1938

Avg. Price Per Sqft $53

MLS® Number 20261036809

Property Address: 11437 Kenmoor St, Detroit, MI, 48205-3221

Average square foot calculated using Size range provided by listing agent.

Description

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-focused 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.

MLS® Number20261036809

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1938

BasementFull, Unfinished

DrivewayNo Garage

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 20, 2026List Date

$85,000List Price

-End Date

Not Sold YetSold Price

For Sale

Apr 10, 2026List Date

$89,900List Price

Home Appraisal

This property is estimated to sell between: $64,000 and $96,000.

Similar properties in this area sold on average for: $64,880

Expected to sell in 57 days. Similar properties sold in 57 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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