Two bedroom house Detroit, Wayne County, Michigan, USA 2 Bed Townhouse £32,330 | €36,004 | $43,900 Request a Currency Exchange Quote Here

This large two bedroom house is amazing value at $43,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, On Street Parking, Outside Space
Property Description ID:41601283

This large two bedroom house is located right next to North Rosedale Park on the
Westside of Detroit, this area is just north of Dearborn which is one of the best areas
in Detroit.
The tenants are keeping the property in a great condition and are paying $850 rent a
month. The property has two large bedrooms, one bathroom, a large basement and a
large rear garden.
This is a fantastic rental property and is under management by a local property
management company.

This property is very well located on the Westside of Detroit, the area is just north of
Dearborn and only 1.9 miles and just a four minutes drive from the centre of
Grandmont Rosedale. It is also close to Rosedale Park, Belmont and Redford, all of
which are very desirable areas on the Westside of Detroit.

 

Investment Calculation

Purchase price: 43,900

Gross annual rental income: $10,200

Property running costs: $2,511
(Tax, insurance and management costs)

Net annual rental income: $7,689

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

Return on investment: 18%

Break even in 5.5 Years
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