$52,000

5406 Joy Rd Detroit, MI 48204

$618
Closing credit¹
3 beds
1 full
983 sqft
0.10 acres
$53 / sqft
House

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

Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size983 sqft
BasementYes
Lot size0.1 Acres
Year built1920
ParkingOne Car Garage, Detached
MLS #20250004875
Garage1 space

Summary

  • MLS Number: 20250004875
  • MLS Name: Realcomp II Ltd
  • Office Name: KW Professionals
  • Office Phone: (734) 459-4700
  • Listing Agent: Jeff Glover

IDXDisclaimer: 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: 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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view of front of house with covered porch

$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

YearAssessmentProperty 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.

All data from GreatSchools

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.

How much money do the neighbors make?

39%
<35k
58%
35k-100k
3%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

56%
Single, No Kids
26%
Single, with Kids
12%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
10%
12-17 yrs old
21%
18-34 yrs old
37%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • BurlingtonBurlington
  • H&MH&M
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Boston MarketBoston Market
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • KiaKia
  • HondaHonda
  • DodgeDodge

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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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.

From Rocket Homes Real Estate and based on county public records data.

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