Three bedroom house Detroit, Wayne County, Michigan, USA 3 Bed Townhouse £22,633 | €25,579 | $29,500 Request a Currency Exchange Quote Here

This large three bedroom brick house is amazing value at only $29,500 and tenanted paying $700 per month.

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Basement, Fireplace, On Street Parking

Lifestyle features

Suburban, Town
Property Description ID:22754364

This large three bedroom house is ideally located in the heart of Cornerstone Village, right next to East English Village.The property is in a great condition and was only refurbished in 2013 including a new roof. The property has great tenants in place paying $700 a month.This is a great rental property and is under management by one of the leading Detroit property management companies.This property is located in Cornerstone Village which is a great location in Detroit, it is right next to East English Village, Grosse Pointe Farms and Harper Woods. This property is perfectly located for long term renting.

 

Investment Details

 

$8,400 rent a year.
$840 management fee.
$1,950 taxes.
$500 insurance.
= 17% net return.

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