Added On :
19 Nov 2017
£ 26,777 / € 32,267 / $ 34,900
This large three bedroom house is amazing value at only $34,900 and also tenanted.
This three bedroom house is located on a very well kept street in Greensbriar on the Eastside of Detroit, the house is less than 3.4 miles from Eastpointe. This property is in a good condition and it has three large bedrooms, a large basement and a large rear garden. The house has just gone on the market for rentals and already there is a new tenant moving into the property in two weeks time, this house is also under management by one of the leading Detroit property management companies.
This property is located in Greensbriar, which is just north of Pulaski and close to Coleman Young International Airport. This area had a good community feel and had good schools and a lot of local amenities, it is also close to Eastpointe, East English Village and Harper Woods.
Purchase price: $34,900
Gross annual rental income: $8,400
Property running costs: $2,630
(Tax, insurance and management costs)
Net annual rental income: $5,770
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%