Westlawn Homes under $150,000

Westlawn Homes under $150,000

Welcome to Westlawn, a charming subdivision nestled in the heart of Michigan! This delightful community offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, first-time homebuyers, and retirees alike. With its tree-lined streets and friendly neighbors, Westlawn embodies the warmth and comfort of a true neighborhood.

One of the standout features of Westlawn is the incredible opportunity to find homes priced under $150,000. This affordability opens the door for many to realize their dream of homeownership without breaking the bank. Whether you’re looking for a cozy starter home, a spacious family residence, or a quaint bungalow, Westlawn has a diverse selection of properties that cater to various lifestyles and budgets.

The homes in this subdivision boast unique architectural styles, well-maintained yards, and inviting interiors that make them feel like home from the moment you step inside. With several parks and recreational areas nearby, residents can enjoy outdoor activities, picnics, and leisurely strolls, enhancing the community's family-friendly atmosphere.

Conveniently located near shopping centers, schools, and major highways, Westlawn provides easy access to everything you need. The vibrant local culture, combined with the rich history of Michigan, makes living here an enriching experience.

Come and explore Westlawn, where affordable living meets community charm. Your dream home awaits!

Newest Westlawn Homes under $150,000

12186 Roselawn Street, Detroit
$150,000
2 Baths ⋅ 61004156 MLS
Here's a rare investor opportunity - a fully updated duplex with both units occupied by Section 8 tenants backed by the government. This Detroit duplex features two 2-bedroom, 1-bath units, both currently rented through Section 8 at $1,150/month and $950/month, for a total monthly rent roll of $2,100/month and $25,200/year in gross scheduled income. The property has been recently refreshed, helping reduce near-term maintenance concerns and support tenant retention. Updates include brand-new vinyl windows, fresh paint throughout, new plush carpeting, updated kitchen cabinets and countertops, and new furnaces for improved efficiency and reliability. From a buy-and-hold perspective, this asset checks several important boxes: two occupied units, Section 8 rental income, separate income streams, updated interiors, and major mechanical improvements already completed. The duplex setup also helps reduce reliance on a single tenant, while the 2-bedroom unit mix remains practical and rentable in Detroit's investor market. Priced at $170,000, the property offers an attractive 14.8% gross rent-to-price return and a 1.24% monthly rent-to-price ratio. For DSCR buyers, the current rent roll creates strong debt coverage potential. Based on a typical 75% LTV scenario, the estimated loan amount would be approximately $127,500, giving investors a solid income base to work with. Final DSCR will depend on lender rate, taxes, insurance, and underwriting, but the rental income is compelling for investors looking for cash-flowing Section 8 product. For investors seeking immediate rental income, DSCR potential, and strong gross rent performance at a reasonable price point, this duplex deserves a serious look. Please do not disturb tenants. Showings available with accepted full-list offer only.

12186 Roselawn Street, Detroit

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