$1,544 Closing Credit¹
#20250014191, Briyana Jordan, Listing Office: Keller Williams Paint Creek
$131,250 List price
5291 Farmbrook St Detroit, MI 48224
$1,559
Closing credit¹
3 beds
1 full
1,611 sqft
0.10 acres
$81 / sqft
House
Property details
About 5291 Farmbrook St
Turnkey Rental Property, Renovated in 2024, Leased Through 2026! Investors, here’s your prime opportunity! This turnkey rental property, renovated in 2024, offers immediate cash flow with a tenant already in place. The property is currently leased for $1,250 per month through December 31, 2025, with an increase to $1,312.50 per month from January 1, 2025, to December 31, 2026. With its recent renovations, including a modern kitchen with quartz countertops and a stylish subway tile backsplash, this home requires minimal upkeep and offers an attractive rental experience for tenants. Located in a desirable neighborhood, this property is within walking distance of popular dining options on Mack Ave, including The Jagged Fork and Dish, as well as local favorites like Motor City Burgzs on Warren Ave. Fitness enthusiasts will appreciate the close proximity to the Eastside Tennis & Fitness Club and Balduck Park. Essential amenities like Village Market grocery store and St. John’s Hospital are also just minutes away. This is the ideal investment for those seeking a turnkey rental with recent updates and a long-term lease in place. Don’t miss out on this incredible investment opportunity in a high-demand rental market. To respect the tenant's privacy, showings will be scheduled only after an accepted offer.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Size1,611 sqft
BasementYes
Lot size0.1 Acres
Year built1940
ParkingNo Garage
MLS #20250017044
Summary
- MLS Number: 20250017044
- MLS Name: Realcomp II Ltd
- Office Name: Coldwell Banker Professionals-Northville
- Office Phone: (248) 347-3050
- Listing Agent: Brenda Meeuwenberg
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.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/7/2025, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$131,250
5291 Farmbrook St
$1,559
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $37,800 | $1,046 |
| 2023 | $28,100 | $1,046 |
| 2022 | $21,700 | $1,046 |
| 2021 | $17,100 | $1,046 |
| 2020 | $15,400 | $991 |
| 2018 | $11,000 | $991 |
| 2017 | $11,300 | $1,025 |
History based on county public records data.
Nearby schools
1
Distinctive College Preparatory
Public Charter KG-6
1.1 mi
•19360 Harper Ave
1
Tyrone Elementary School
Public Magnet 4-6
1.2 mi
•19525 Tyrone St
4
John Monteith Elementary School
Public District KG-5
1.2 mi
•1275 Cook Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $53,125. Residents of Detroit, MI typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
33%
<35k
50%
35k-100k
15%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
50%
Single, No Kids
27%
Single, with Kids
13%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
11%
12-17 yrs old
22%
18-34 yrs old
41%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Little Caesars
Jack In The Box
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5291 Farmbrook St
This home is located at 5291 Farmbrook St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,611 square foot home, which was built in 1940, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 18, 2025 and is currently priced at $131,250.
In March 2025, from all listings sold in Detroit, MI there were more than 91 sold above asking price, over 203 sold below and more than 81 were sold right at the asked price. The number of listings in Detroit, MI increased by 14.9% between February and March 2025. In March 2025 median list price was $89,542 and the average listing age was 51 days.
From Rocket Homes Real Estate and based on county public records data.