5415 Hereford Street
Detroit, MI 48224
Single Family Residence · MLS # 20261089501 · Listing courtesy of Gateway Property Group
About this home
Prime Investment Opportunity in 48224! Positioned just minutes from Henry Ford St. John Hospital and conveniently close to all essential local amenities, this property sits in a high-demand rental market offering exceptional ROI potential. With just a bit of TLC, this incredible turn-key cash flow property can be yours! Schedule your showing today!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $65,000, or $60 per square foot, 15% below the city median, and has been on the market 9 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,911 a year. A buyer who lives here would pay about $1,324 to $2,107 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Detroit
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