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Property Sales - 41695370 - House in USA, Michigan, Wayne County, Detroit

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41695370
Detroit, USA
19 Jul 2023
£ 74,647 / € 85,274 / $ 87,900

Short Description

This four bedroom multi unit house is amazing value at $87,900..

Key Information

  • Property ID: 41695370
  • Location: Detroit
  • Property Type: House
  • Prices: £ 74,647 / € 85,274 / $ 87,900

Full Description

This fantastic two apartment multi family home is located on a very well kept street
in The Hubbell-Lyndon Community on the Westside of Detroit, the house is just
seven minutes from the famous Grandmont Rosedale.
The property is divided into two large apartments, you have a large two bedroom
apartment downstairs and a large two bedroom apartment upstairs, Both
apartments have tenants in place each paying $900 in rent each month.
The house is under management with a great local Detroit property management
company.

This property is located in he Hubbell-Lyndon Community on the desirable
westside of Detroit, the house is just ten miles to the centre of Downtown Detroit
and less than 2 miles from Grandmont Rosedale. It is also very close to the
University District so it is surrounded by some of the best areas in Detroit.

Investment Calculations
Purchase price
$87,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$4,360
Net annual rental income:
$17,240
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • Detroit
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