Property Sales - 41649578 - Townhouse in USA, Michigan, Wayne County, Detroit

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Two bedroom house

Property Information

Property ID:
Location :
Added On :
Price :
Detroit, USA
18 Sep 2022
£ 48,321 / € 55,200 / $ 56,900

Short Description

This large two bedroom property is a rare find at $56,900..

Key Information

  • Property ID: 41649578
  • Location: Detroit
  • Property Type: Townhouse
  • Prices: £ 48,321 / € 55,200 / $ 56,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This fantastic two bedroom brick built single family home is located on a very well kept
street on the Eastside of Detroit in Regents Park. The house is also only 2.6 miles and
minutes from Harper Woods High School.
The property is in a great condition. There are two large bedrooms, a full basement and a
large rear garden with a detached garage. The house has very good paying tenants in
place paying $900 in rent each month.
The house is under management with a great local Detroit property management

This house is very well located on the East side of Detroit. The property is in Regents Park
right next to Harper Woods. Properties in Harper Woods have increased dramatically over
the last few years and is now beginning to influence pricing within the bordering areas.
With rents almost equivalent to Harper Woods, this is a great opportunity to pick up a solid
property with great capital appreciation potential in the coming years.


Investment Calculation

Purchase price: 56,900

Gross annual rental income: $10,080

Property running costs: $2,471
(Tax, insurance and management costs)

Net annual rental income: $7,609

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

Return on investment: 14%

Break even in 7.14 Years

Contact the Advertiser

Property Alerts

  • Townhouse
  • 2 bedrooms
  • USA
  • Detroit
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