#20250004676, LaCenya Cobb, Listing Office: C-RED Realty Group, LLC
5406 Joy Rd Detroit, MI 48204
Property details
About 5406 Joy Rd
This is a remarkable investment opportunity on Detroit's westside, perfect for cash buyers seeking a steady income stream. The property is currently cash-flowing and offers an excellent chance to step into a ready-made investment. The seller prefers to include the existing tenants with the sale, ensuring immediate rental income. With its strategic location and consistent performance, this property is ideal for investors looking to expand their portfolio in a thriving market.
Highlights
Summary
- MLS Number: 20250004875
- MLS Name: Realcomp II Ltd
- Office Name: KW Professionals
- Office Phone: (734) 459-4700
- Listing Agent: Jeff Glover
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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
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Last updated on: 3/6/2025, 5:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$52,000
5406 Joy Rd
$618
closing credit¹
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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 | $8,700 | $568 |
2023 | $6,745 | $568 |
2022 | $6,200 | $831 |
2021 | $5,000 | $831 |
2020 | $4,800 | $581 |
2018 | $5,000 | $581 |
2017 | $5,100 | $590 |
History based on county public records data.
Nearby schools
2
Barton Elementary School
Public District KG-5
1.1 mi
•8530 Joy Rd
5
McDonald Elementary School
Public District PK-5
1.7 mi
•10151 Diversey St
2
Riverside Academy
Public Charter KG-5
2.2 mi
•7124 Miller 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 $42,368. The majority of Detroit, MI residents have income between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
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Frequently asked questions
About 5406 Joy Rd
This home is located at 5406 Joy Rd in Detroit, MI and zip code 48204 in the Tireman neighborhood. This 983 square foot home, which was built in 1920, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 22, 2025 and is currently priced at $52,000.
While more than 68 listings in Detroit, MI in February 2025 were sold above asking price, there were more than 60 listings sold at asking price, and more than 203 were sold below. In February 2025 in Detroit, MI there were 7% more homes for sale than in January. Listings spent 59 days on the market in February 2025, and had a median list price of $88,760 during the same period.