120 Woodland St, Detroit, MI, 48202
About This Home
ATTENTION INVESTORS! Turnkey, income-producing opportunity at 120 Woodland Street, Detroit, MI! This beautifully remodeled 3-level property is professionally appraised at $315,000 and comes with a reliable tenant already in place paying $2,600 per month on a 12-month lease. The tenant has a strong history of paying rent on time, providing immediate cash flow of $31,200 in gross annual rental income from day one. Offering 2318 sq ft, this spacious home features 5 bedrooms, 2.5 updated bathrooms, new flooring, modern finishes, and a beautifully renovated kitchen with granite countertops, stylish cabinetry, and newer appliances. The partially finished basement provides additional usable space, while the oversized backyard adds even more tenant appeal. Ideally located just minutes from New Center and approximately 10 minutes from Downtown Detroit, with convenient access to restaurants, shopping, entertainment, major employers, and freeways. Whether you're expanding an existing port
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1908
Materials
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Range,Refrigerator
- Laundry features: In Basement
Basement
- Basement: Full
Bathroom1
- Level: Basement
- Area: 30
- Dimensions: 6.00 x 5.00
Bathroom2
- Level: Upper
- Area: 35
- Dimensions: 7.00 x 5.00
Bedroom2
- Level: Basement
- Area: 90
- Dimensions: 9.00 x 10.00
Bedroom3
- Level: Upper
- Area: 120
- Dimensions: 10.00 x 12.00
Bedroom4
- Level: Upper
- Area: 120
- Dimensions: 10.00 x 12.00
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 1
Dining Area
- Level: Main
- Area: 56
- Dimensions: 8.00 x 7.00
Dining Room
- Level: Main
- Area: 165
- Dimensions: 15.00 x 11.00
Features
- Flooring: Wood
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
- Finished area below ground: 546
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 2,318
- Total interior livable area: 2,318 sqft
Kitchen
- Level: Main
- Area: 154
- Dimensions: 14.00 x 11.00
Master Bathroom
- Level: Main
- Area: 15
- Dimensions: 3.00 x 5.00
Master Bedroom
- Level: Main
- Area: 121
- Dimensions: 11.00 x 11.00
Other
- Level: Upper
- Area: 299
- Dimensions: 13.00 x 23.00
Other
- Level: Basement
- Area: 81
- Dimensions: 9.00 x 9.00
Other
- Level: Basement
- Area: 132
- Dimensions: 6.00 x 22.00
Property
Details
- Parcel number: 01003622.
Features
- Stories: 2
- Fencing: Full
Lot
- Lot size: 5,227 sqft
- Lot size dimensions: 40 x 125
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,440 | $17,280 |
| Home Insurance * | $611 | $7,332 |
| Property Taxes | $349 | $4,188 |
| Electricity | $252 | $3,034 |
| Total | $2,652 | $31,824 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Listing removed | $2,500 |
| 2026-07-09 | Listed for rent | $2,500 |
| 2026-05-19 | Listing removed | $2,500 |
| 2026-05-16 | Listed for sale | $284,900 |
| 2026-05-08 | Listed for rent | $2,500 |
| 2026-05-01 | Listing removed | $289,900 |
| 2025-11-04 | Price change | $289,900 |
| 2025-09-05 | Listed for sale | $299,900 |
| 2025-09-04 | Listing removed | $299,900 |
| 2025-07-18 | Listed for sale | $299,900 |
| 2025-07-16 | Listing removed | $314,900 |
| 2025-06-27 | Price change | $314,900 |
| 2025-06-06 | Listed for sale | $325,000 |
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