16317 Carlisle Street Detroit MI 48205 | MLS #20261078975

Charming 3-bedroom, 1-bath brick home with options for both owner-occupants and investors! The spacious upstairs primary bedroom offers a private retreat, while the main level features hardwood floors, new carpeting, and a comfortable living area, and a full bath with charming original retro tile. Currently tenant-occupied at $1,300 per month with a cash-paying tenant on a month-to-month lease and a good payment history, giving an investor the opportunity for immediate rental income while preserving flexibility for a future owner-occupant. Conveniently located near Chandler Park Academy, grocery shopping, bus stops, and everyday amenities. Whether you’re looking for a place to call home or an income-producing property to add to your portfolio, this classic brick home offers plenty of possibilities. Estimated uncapped taxes $3,135. Est. Insurance $900. 10% property management fees with $1,300/month rent is $1,560/year. Expenses $5,595. Annual cash flow $10,005. ROI 12.5%. This neighborhood has continuously appreciated since the crash. Great investment!