20099 Hamburg Detroit, Wayne County, Michigan, USA 3 Bed Bungalow £36,454 | €40,597 | $49,500 Request a Currency Exchange Quote Here

Newly renovated top to bottom. Detroit cash investment with 14.5% ROI includes 10% property management, $600/yr ins, $1,114/yr taxes. New roof, furnace, hot water htr, newer windows, floors, kitchen, updated bath. Tenants pay great! Best property mgt.

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Property Attributes

Amenities & Services

Fully Managed, Schools, Management

Fixtures-Fittings-Furnishings

Unfurnished, Bath, Carpets, Shower, Smoke Alarm, Toilet

Building Characteristics

Detatched, Renovated, Storage, Suitable For Children, 1940s, 2 Storey, Basement

Property Features

Attic, Basement, Central Heating, Dining Room, Garage, Off Street Parking, Outside Space, Porch, Bathroom, Kitchen, Fully Renovated
Property Description ID:41277515

Newly renovated, rented house ready for an investor to collect a check each month!  Invest in Detroit, the comeback city where prices are moving up but investments are still excellent.

  • New Roof
  • New Furnace
  • New Hot Water heater
  • Updated electric & pex plumbing
  • Newer windows
  • Totally new kitchen:  cabinets, countertop, sink, faucet, vinyl floors
  • Newly painted
  • New carpeting throughout
  • Bathroom has new vanity, new 2-flush toilet, newly reglazed tub
  • Basement clean and dry and freshly painted floors
  • Tenant supplies all appliances -- fewer maintenance costs for the owner!
  • Tenants have good jobs and good payment history
  • Tenants keep the house immaculate

I'd love to tell you more!  (248) 390-3982.  

Check out the Youtube link for a tour on move-in day.

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Important Property Information

Available Units

3 Bed Bungalow
  • GBP Price: £36,454
  • EUR Price: €40,597
  • USD Price: $49,500

Key Selling Points

  • New roof- furnace- hot water heater- updated plumbing & electric- new flooring- freshly painted- rented to perfect paying tenant
Mortgage Information
Investment Facts

Category : Residential Buy to Let

Cash requirement : £36,454

Payment Structure : 1.00 USD Depsoit

No Deposit. Cash purchase only.

Completion Date:

Newly renovated June 2020

Risk Level: Cautious

Any turnkey property has risks but we feel this is low.

Current Condition : Refurbished

New roof, furnace, hot water heater, updated plumbing & electric

Occupancy : Tenanted

1 year lease started June 2020

Income Yield: 14.50% Net Yield Estimated

Inclu taxes, ins, PM fees =14.5%

Returns Start In...: September 2020

Returns upon purchase

Ongoing Costs : 82.50 USD per Month

$82.50 PM fee, $600/yr ins, $1,114/yr taxes

Capital Growth:

Projected
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