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Property Sales - 41633639 - Townhouse in USA, Michigan, Wayne County, City of Detroit

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Three bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
Townhouse
41633639
City of Detroit, USA
21 Apr 2022
£ 42,640 / € 47,486 / $ 57,900

Short Description

This large three bedroom house is a rare find at $57,900..

Key Information

  • Property ID: 41633639
  • Location: City of Detroit
  • Property Type: Townhouse
  • Prices: £ 42,640 / € 47,486 / $ 57,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This three bedroom house is located in on the North Eastside of Detroit just ten
minutes from the Belair Mall which holds host to the largest cinemas in Detroit.
This area is surrounded by great schools and colleges in Detroit and is just 1.8
miles from John Pershing High School.
This property is in a great condition, there are three large bedrooms, a full
basement and a large rear garden. The property been recently updated and now
has tenants in place paying $800 in rent each month. The monthly rent of $1,100
each month is paid direct to the landlord via the US Government The house is
under management with a great local Detroit property management company.

This house is located on the North Eastside of Detroit in 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 The University district and close to John Pershing
High School.

 

Investment Calculation

Purchase price: 57,900

Gross annual rental income: $9,600

Property running costs: $2,336
(Tax, insurance and management costs)

Net annual rental income: $7,264

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

Return on investment: 13%

Break even in 7.69 Years

Contact the Advertiser

Property Alerts

  • Townhouse
  • 3 bedrooms
  • USA
  • City of Detroit
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