home in Detroit, MI
A home in Detroit, MI, it offers 3 bedrooms and 1 bathroom across 1,400 square feet. Notable features include attached garage, fireplace, and hardwood floors.
| Price | $164,000 |
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| Beds | 3 |
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| Baths | 1 |
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| Sqft | 1400 |
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| Address | 16608 Fenmore St, Detroit, MI 48235 |
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Why buy this home
- Features: attached garage, fireplace, hardwood floors.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced in line with the area.
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,161/month with 20% down at a 7.28% 30-year fixed rate. You would need about $49,777 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $898/mo |
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| Property tax (new-buyer reassessed rate) | $202/mo |
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| Homeowners insurance | $62/mo |
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| Total monthly | $1,161/mo |
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| Down payment (20%) | $32,800 |
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| Income needed | $49,777/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home A+ (98 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | A+ (98/100) |
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| Beats renting in | 95% of modeled paths |
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| Modeled 5-yr equity (median) | $161,888 |
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| Range (10th to 90th pct) | $116,071 to $214,340 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Detroit, MI where local data is thin.
Local home values
Typical home values in Detroit, MI have risen about 22% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia