20214 Carrie, Detroit University District, Wayne County, Michigan, USA 3 Bed Bungalow £36,454 | €40,597 | $49,500 Request a Currency Exchange Quote Here

Newly renovated top to bottom April 2020. Great paying tenant since May 2020. Property management in place whose interest is you buying more houses, not overcharging on maintenance. Tenant has own appliances.

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Property Attributes

Amenities & Services

Fully Managed, Parking, Restaurants, Schools


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

Building Characteristics

Off Market, Storage, Suitable For Children, Suitable For Elderly, 1 Storey, Basement

Property Features

Allocated Parking, Basement, Central Heating, Dining Room, Off Street Parking, Wooden Floors, Patio, Porch, Bathroom, Kitchen, Fully Renovated
Property Description ID:41267962

Best investment in Detroit!  Why??  So many reasons!  

  • Virtual Tour on Youtube. Link Attached.
  • Great neighborhood.  Very strong neighborhood association.  The neighborhood head of the association is right across the street.  No one gets by this woman!  There is ZERO riffraff on this block. 
  • Detroit is investing in this neighborhood.  We know by the new sidewalks and new local parks.  Detroit is purposely bringing this neighborhood back. 
  • It's a ranch house.  Most houses in Detroit are bungalows, which means there's an upstairs.  This is a one-story ranch.  When you are ready to resell this house, the value will be higher than most because ranches are very sought after.
  • Newly renovated top to bottom:  New roof, new furnace, new hot water heater, updated electric and plumbing, newly refinished hardwood floors, new carpeting in the bedrooms, updated bathroom with good ventilation, totally new kitchen.
  • Rented already with a tenant who has been paying rent regularly since May 2020.  Mother with two small children and their grandmother live in this three-bedroom home.  Tenant is college-educated and has solid employment unaffected by the pandemic.
  • Great clean tenants!  We've been there and we are so appreciative of how CLEAN the house is.
  • Tenant supplies her own appliances:  washer and dryer and refrigerator and stove.  So no repair costs for the owner for those!
  • The back yard is fenced in.  Good fences mean good neighbors!
  • The property management.  Our philosophy is to save you the most money possible so you will buy more houses.  

I'm happy to talk more about this house and investing in Detroit.  Please call me!  (248) 390-3982.  That's my cell number.  ...MONIQUE BURNS

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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

  • Newly Renovated- Great Paying Tenant- Best Property Management- Strong Neighborhood
Mortgage Information
Investment Facts

Category : Residential Buy to Let

Cash requirement : £36,454

Price Per M2: 335.00 USD

Inclu. livable basement

Payment Structure : 1.00 USD Depsoit

All cash for house, no deposits

Risk Level: Cautious

Only because all rentals have a risk factor.

Current Condition : Refurbished

Newly renovated, see comments below

Occupancy : Tenanted

Lease started May 2020 - 1-year lease, great paying tenant

Income Yield: 15.00% Net Yield Estimated

15%ROI includes 10% PM, taxes $1000, ins $600

Returns Start In...: September 2020

Or Upon purchase

Ongoing Costs : 82.50 USD per Month

$82.50 PM fees, taxes $1000/yr est, ins $600/year

Capital Growth:

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