This large three bedroom house is a great investment at only $28,000 and also tenanted paying $8,400 per month.
Garden, Basement, On Street Parking
This large three bedroom house is located in Brightmoor a very popular area with investors. The property is in a good condition and has great tenants in place paying $700 a month in rent. This property is under management by one of the leading Detroit property management company.Brightmoor is a great area with many good schools and lots of local amenities, it is close to Redford Charter Township, Eliza Howell Park, Grandmont Rosedale and Rosedale Park which are also good areas in Detroit.
$8,400 rent a year. $840 management fee. $1,600 taxes. $500 insurance. = 20% net return.