Welcome to 7555 Yacht – a remarkable investment opportunity that seamlessly blends comfort and financial prosperity! This property features two distinct units, each offering the perfect balance of space and functionality with 2 bedrooms and 1 bathroom. With a rental income of $800 and $1000 from the individual units, this investment is not only financially rewarding but also ensures a desirable living experience. Whether you're a seasoned investor or exploring the concept of house hacking, the two-bed, one-bath layout in each unit adds an extra layer of appeal. Don't miss out on the chance to elevate your investment strategy and lifestyle at 7555 Yacht!
Property Details
Property Features
Property Information:
Architectural Style: Duplex
Year Built: 1932
Stories: 2
Living Area: 1,440 SqFt
Listing Office:
Office Name: Amin Realty
Office Phone: (833) 264-6832
Listing Agent: Ahsan Tarar
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air, Floor Furnace
School Info
Assigned Schools Information:
Lincoln High School, Public District Grades 9-12
Lincoln Middle School, Public District Grades 6-8
McKinley Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Turn into street
Price Information
Listing Price Info
Price Summary:
List Price: $105,000
Price Per SqFt: $73/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Warren, MI.
This property is $79.2K less than the Median Sold Price and $80/SqFt less than other homes in Warren, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240015719
Listing Office:
Office Name: Amin Realty
Office Phone: (833) 264-6832
Listing Agent: Ahsan Tarar
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$592
Per Month
Principal & Interest
$525
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$381
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
McKinley Elementary School
13173 Toepfer Rd
Distance between this listing and this school1.92 miles
Public District Grades KG-5
Middle School
3
/10
Lincoln Middle School
22500 Federal Ave
Distance between this listing and this school0.65 miles
Public District Grades 6-8
High School
2
/10
Lincoln High School
22900 Federal Ave
Distance between this listing and this school0.80 miles
Public District Grades 9-12
Assigned Schools
7
/10
McKinley Elementary School
13173 Toepfer Rd
Distance between this listing and this school1.92 miles
Public District Grades KG-5
Nearby Schools
3
/10
Lincoln Elementary School
22100 Federal Ave
Distance between this listing and this school0.59 miles
Public District Grades KG-5
4
/10
Mound Park Elementary School
5356 Toepfer Rd
Distance between this listing and this school1.20 miles
Public District Grades KG-5
Assigned Schools
3
/10
Lincoln Middle School
22500 Federal Ave
Distance between this listing and this school0.65 miles
Public District Grades 6-8
Nearby Schools
3
/10
Dove Academy of Detroit
8210 Rolyat St
Distance between this listing and this school0.91 miles
Public Charter Grades KG-8
2
/10
Brenda Scott Academy For Theatre Arts
18440 Hoover St
Distance between this listing and this school1.99 miles
Public District Grades KG-8
Assigned Schools
2
/10
Lincoln High School
22900 Federal Ave
Distance between this listing and this school0.80 miles
Public District Grades 9-12
Nearby Schools
3
/10
Michigan Mathematics and Science Academy
8155 Ritter
Distance between this listing and this school1.97 miles
Public Charter Grades KG-12
4
/10
Fitzgerald High School
23200 Ryan Rd
Distance between this listing and this school2.00 miles
The neighbors living near this home have an average income of $39,545. The majority of Warren, MI residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 7555 Yacht Ave in Warren, MI and zip code 48091. This 1,440 square foot home, which was built in 1932, sits on a 0.12 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since February 24, 2024 and is currently priced at $105,000.
In March 2024 more than 40 listings in Warren, MI were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 49 were sold below. Between February 2024 and March 2024, Warren, MI real estate market has seen increase in the number of listings by 9.3%. In March 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $184,271.
From Rocket Homes Real Estate and based on county public records data.