tomo logo

$103,000

Beds
3
Baths
1.0
sq ft
1,584

8661 Penrod St, Detroit, MI 48228

8661 Penrod St

Detroit, MI 48228

  • 32 days on market
Calling all investors! Fully TURNKEY opportunity and a great addition to your investment portfolio! Fully certified by the City of Detroit, rented, meeting all Section 8 standards, and a ROI of 12.02%. Property features a 3 bedroom 1 bathroom, Section 8 tenant on a yearly lease with a rent of $1,182/month. Seller has other similar properties for sale. Seller and agent are related.

Details

Property type

Single Family Residence

Est. home value

$51,426

Lot size

4,356 sq ft

Price per sq ft

$66

Year built

1947

Annual property taxes

$1,855

Price History

11/19/2024
Realcomp

Realcomp #81024060157

Listed
$103,000
+225.13%
05/11/2022
Realcomp

Realcomp #2220016234

Sold
$31,680

Schools & Community

Neighborhood: 

Warrendale

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bell Mortgage Inc

Loan start date

February 2006

Original loan amount

$68,000

Est. remaining balance

Not provided

Interest rate

6.26%

Loan type

Fannie Mae/Freddie Mac, 30 year

Seller

Sean Hyatt and Shineka Hyatt

Lender

Bell Mortgage Inc

Loan start date

February 2006

Original loan amount

$68,000

Est. remaining balance

Not provided

Interest rate

6.26%

Loan type

Fannie Mae/Freddie Mac, 30 year

Seller

Sean Hyatt and Shineka Hyatt

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 6:30 AM

Listing updated: 12/04/2024 at 4:05 PM

Listed by: Roxana Yeh, 3DX Real Estate, LLC. Phone #: (888) 304-1447

MLS: Realcomp #81024060157

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