Potential Profit$26,300
This property is available as a fixer upper at Berg Rd. This property features 4 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 1,825 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Detroit, specifically for Berg Rd and comparable listings. Based on this expert analysis, the estimated market value is $61,642. This has potential equity of $26,300. If purchased for rental purposes, the monthly rental rate could range between $1,090 and $1,630, providing a solid return on investment. For those interested in resale, the estimated profit from selling is $26,300. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Berg Rd are updated daily along with others in Detroit, Michigan, ensuring you have the most current and accurate information.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.
There are 8 schools in the area. Nearby schools include Detroit Public Schools Community District and Cass Technical High School.
There are plenty of activities near this property like Downtown Detroit employment district, Wayne State University, and more.
Public transportation options include: Detroit Department of Transportation (DDOT) bus service, SMART regional bus service, QLine streetcar along Woodward Avenue, People Mover in Downtown Detroit, Amtrak service at Detroit station, MoGo bike share, Intercity bus service from Downtown Detroit. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Belle Isle Park, Campus Martius Park and more.
Services available in the area include cellular and internet options.
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The estimated rental value for Berg Rd located in Detroit, MI is $1,408/month. Comparable homes around Berg Rd that are rentals have monthly ranges starting as low as $1,090 per month and as high as $1,630 per month. An owner looking to use this property as an investment could bring a return in the area of $1,090 - $1,630 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
Status: Active
Listing information updated for this property.
Status: Active
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