This fantastic two bedroom house is located in Pulaski on the Eastside of Detroit just three minutes from the Belair Mall which holds host to the largest cinemas in Detroit. This area is surrounded by great schools and colleges in Detroit and is less than half a mile and walking distance to The Osborn High School. The property is in a great condition and has two large bedrooms, one bathroom and a full basement. There are good tenants in place paying $650 in rent each month. The property is under management with a great local Detroit management company.

This house is located in Pulaski a great area in Detroit with a proud community feel, this area has great schools and lots of local amenities, it is near to The University district and is walking distance to Osborn High School.

Investment Calculation

Purchase price: 37,900

Gross annual rental income: $7,800

Property running costs: $2,015
(Tax, insurance and management costs)

Net annual rental income: $5,785

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

Return on investment: 16%

Break even in 6.25 Years