Property Sales - 32385359 - Townhouse in USA, Michigan, Wayne County, City of Detroit

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Three bedroom house

Property Information

Property ID:
Location :
Added On :
Price :
City of Detroit, USA
16 Aug 2018
£ 28,342 / € 32,091 / $ 35,900

Short Description

This large three bedroom house is amazing value at $35,900...

Key Information

  • Property ID: 32385359
  • Location: City of Detroit
  • Property Type: Townhouse
  • Prices: £ 28,342 / € 32,091 / $ 35,900
  • Detatched
  • Garden
  • Suburban
  • Town
  • Off Street Parking

Full Description

This three bedroom house is located in Denby and is only 1.2 miles from East English Village Preparatory Academy which is one of the best schools in Detroit. This property is also very close to Denby High School and Harper Woods High School so it is ideally located for long term rentals. The tenants are keeping the property in a great condition and are paying $700 rent a month. There are three large bedrooms, a full basement, a detached garage and a large rear garden. This is a fantastic rental property and is under management by a great local company.

This house is located in Denby a great area in Detroit with a proud community feel, this area has great schools and lots of local amenities, it is right next to East English Village and Morningside.

Investment Details

Purchase price: 35,900

Gross annual rental income: $8,400

Property running costs: $1,989
(Tax, insurance and management costs)

Net annual rental income: $6,411

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%

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Property Alerts

  • Townhouse
  • 3 bedrooms
  • USA
  • City of Detroit
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