18426 Steel Ave Detroit, MI 48235

About this Property

This 3-bedroom, 1.5-bath home spans 1,248 square feet and includes a rare two-car garage, increasing tenant appeal and rental value. With projected rent of $1,300 and a 8.88% cash-on-cash return, the property delivers over $12,429 in annual net income. The additional half bath and garage enhance functionality and long-term desirability. Located in a strong rental corridor, this home offers consistent tenant demand and reliable performance. Professionally managed and positioned for steady returns, it’s a well-balanced investment opportunity combining space, practicality, and income stability.

Purchase Price:$140,000

ROI (Cash on Cash):8.88%

Projected Rent:$1,300

Yearly Taxes:$1,167

Net Monthly Income:$1,035.75

Net Annual Income:$12,429

Contact Al Bazzy

Al Bazzy

Chief Operating Officer

Buying Process

The home will have one or more of these items – comprehensive inspection, title search, rent history if leased, and more – all of which are available in the Diligence Documents.
An inspection contingent sale is available on non-certified homes and if the posted inspection is more than 4 months old.
A Strategy Property employee will be the sole representative who will walk you through the process.

(Important Note: Please note that figures and percentages quoted within this document are approximate. Property taxes quoted are based on publicly available information at the time of our publication. Final figures will be verified and supplied by the title company. Although Strategy Properties takes all appropriate steps to ensure accuracy of the figures supplied, we cannot accept responsibility for any discrepancies therein)