20250 Meyers RD , Detroit, MI 48235
Est. $705/mo with current taxes · · See the breakdown
About this home
Investor opportunity in Detroit! This tenant-occupied, 2-bedroom, 1-bath brick residence, representing one side of a duplex, offers an opportunity to expand your investment portfolio with an existing income-producing property. Currently generating $950 in monthly rental income, the property produces $11,400 in annual gross rent. With an asking price of $59,900, the current rental income represents a 19.03% gross annual rental yield before operating expenses. The residence features hardwood flooring, a functional kitchen with ample cabinetry and counter space, and a full basement offering additional storage and usable space. Conveniently situated near 8 Mile Road, major freeways, shopping, and neighborhood amenities, the property offers accessibility within an established Detroit neighborhood. Whether you're an experienced investor seeking to expand your rental portfolio or purchasing your first income-producing property, this offering presents an opportunity to acquire an established rental investment at an accessible price point.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 64.18 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $59,900 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 704 |
| Type | Single family residence |
| Subdivision | BLACKSTONE PARK 6 PAGE 9 1 & 92 |
| County | Wayne |
| MLS # | 20261088265 |
| Listed | 2026-11-02 |
| Days on market | 0 |
| Year built | 1942 |
| Possession | Subject to tenant's rights |
| Stories | 1 story |
| Basement | Unfinished |
| Heating | ENERGY STAR furnace, Forced air, Natural gas |
| Foundation | Basement, Block |
| Water / Sewer | City water & sewer |
| Parcel number | W16I046370S |
| Listing office | National Realty Centers, Inc |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $7,093 | about $29,950 |
| Yearly property tax | $1,671 | about $1,922 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $251 a year more than this seller pays. The assessor's state equalized value (SEV) is $28,700. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-02T23:11+00:00; refreshed at least twice daily.