Property Sales - 41694909 - House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Property ID:
Location :
Added On :
Price :
Detroit, USA
13 Jun 2023
£ 61,908 / € 70,722 / $ 72,900

Short Description

This three bedroom is amazing value at $72,900..

Key Information

  • Property ID: 41694909
  • Location: Detroit
  • Property Type: House
  • Prices: £ 61,908 / € 70,722 / $ 72,900

Full Description

This large three bedroom house is located on a very well kept street in Greenfield on the
Westside of Detroit, the house is just 1.3 miles and only four minutes from Wayne County
Community College
The property has three large bedrooms, two bathrooms, a large kitchen diner, a large
basement and a rear garden.
There are tenants in place paying $1,200 in rent each month, the tenants are Section 8
so the rent is paid each month by the City of Detroit. The property is also under
management with a great local Detroit management company.

Greenfield is a great area right next to Grandmont Rosedale on the Westside of Detroit.
Grandmont Rosedale is viewed as one of the best areas in Detroit and has its own
Development Corporation who take care of the local parks, tree- lined streets and local
shopping area. The house is just 4 minutes from Wayne County Community College and
6 minutes from DMC Sinai Grace Hospital, also 5 minutes from Oak Park and Southfield.

Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

6.6 Years

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  • House
  • 3 bedrooms
  • USA
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