11379 Bramell, Detroit

  • Michigan - United States of America
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Property Description
Tucked on a quiet residential strip inside Rouge Park, this 1953 all-brick bungalow delivers immediate cash flow with a long-term Section-8 tenant paying $800 a month. The 1,028-square-foot layout gives you three true bedrooms, a full bath, formal dining nook and a fenced 4,356-square-foot lot that’s perfect for a future garage or pet-owning renters. Recent capital upgrades skip the usual Detroit rehab sticker-shock: a 2021 forced-air gas furnace and central A/C, a 2020 architectural-shingle roof, updated 100-amp electrical and vinyl thermal-pane windows installed in 2018. Inside you’ll find hardwood floors under the living-room carpet, an eat-in kitchen with gas range and fridge that stay, and a ceramic-tiled bath finished in 2022. Outside, the fenced backyard has mature maple shade and an off-street pad for two cars; city permits for a detached 20×24 garage run about $1,200 if you want to add one later.

The numbers speak to investors: the Housing Assistance Payment deposits $800 rent ($9,600 a year) directly to your account, while taxes are only $1,440 on a non-homestead basis and landlord insurance is roughly $650. Budget 8 percent for management and the net operating income lands near $6,740 against an asking price of $74,900, producing a 9 percent cap rate at the list price. The Section-8 HAP contract runs to July 2025 and can be renewed or converted to market rent, which recent comps show at $875–$925. The tenant covers gas and electric; owner pays water and sewer, about $55 a month, and the security deposit of $900 is already on hand with zero arrears since 2021.

Rouge Park location keeps vacancy low—6.8 percent versus 13 percent city-wide—and you’re five minutes to I-96, twelve to DTW airport and fifteen to downtown Detroit. Walk to Rouge Park Golf Course, Brennan Pools and a brand-new Meijer super-center. Upside is straightforward: finish the seven-foot poured-wall basement into a fourth non-conforming bedroom and three-quarter bath for roughly $12 k and push rent to $1,050, or convert the attic storage to a master suite and push after-repair value above $110 k based on the pending comp at 11387 Bramell. 


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$115.00 USD

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Available: 1028 Square Feet

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  • img Investment Type Onetime
  • img Profit 15%
  • img Profit Schedule Onetime
  • img Capital Back Yes
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