Three bedroom house City of Detroit, Wayne County, Michigan, USA 3 Bed Townhouse £38,958 | €43,386 | $52,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $52,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41611154

This three bedroom house is located in Von Steuben on the Eastside of Detroit
just six 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
just a short walk to The Brenda Scott Academy.
The property is in a great condition, There are three large bedrooms, a full
basement and a large rear garden with a detached garage. The house has
good tenants in place paying $750 in rent each month and is also under
management with a great local Detroit management company.

This house is located in Von Steuben 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 The Brenda Scott
Academy.

 

Investment Calculation

Purchase price: 52,900

Gross annual rental income: $9,000

Property running costs: $2,503
(Tax, insurance and management costs)

Net annual rental income: $6,497

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

Return on investment: 13%

Break even in 7.69 Years
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