This large three bedroom brick house is amazing value at only $20,900 and with a solid net return of 24%.
Garden, Off Street Parking
This very large three bedroom house has been reduced in price for a quick sale, the current owner started refurbishing the property but could not complete the works due to cashflow. There a $6,000 refurbishment included in the price so the works can be finished off, once done this property will be a real gem and it will rent quickly. This property is under management by one of the leading Detroit property management companies.This house is located in the popular Boynton area of Detroit that has many good schools and great local amenities. Boynton is close the Riverfront and only a short distance from Downtown Detroit.
$8,700 rent a year. $870 management fee. $1,458 taxes. $500 insurance. = 24% net return.