Buy & Hold (Single Family): (Section 8) 17840 Goddard St, Detroit, MI 48212+ $68,000
- Promise Land Realty
- Feb 19
- 2 min read
Price
$68,000
OFF-MARKET SECTION 8
CASH FLOW OPPORTUNITY
17840 Goddard St, Detroit, MI 48212
Price: $68,000
Turnkey, income-producing Detroit rental with guaranteed Section 8 income in place.
This 3-bedroom, 1-bath single-family home (990 SF) is currently rented with a lease secured through September 2026, providing immediate and stable cash flow from day one.
Income Details:
Total Rent: $1,100/month
Section 8 Pays: $875/month (guaranteed portion)
Tenant pays remaining balance
Lease secured through 09/2026
Property Highlights:
3BD / 1BA
990 SF
Brick/Frame construction
Tenant occupied
Strong rental corridor
Government-backed rental income
At a $68,000 purchase price, this property offers strong yield potential for:
Section 8 portfolio investors
Out-of-state buy-and-hold buyers
First-time Detroit rental investors
Cash flow-focused single-family buyers
Detroit continues to provide some of the strongest rent-to-price ratios in the country, and long-term Section 8 placements reduce vacancy risk while stabilizing returns.
This is a stabilized rental ideal for investors seeking immediate income without renovation delays.
Serious inquiries only. Proof of funds required.
Please submit all offers directly to: investments@promiselandrealtyllc.com
Property Map
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
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Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
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Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
The #1 Source for Off Market Real Estate.
PROMISE LAND REALTY LLC
Work: 864-762-2509
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