Three bedroom house Detroit, Wayne County, Michigan, USA 3 Bed Townhouse £29,561 | €32,899 | $36,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at only $36,900...

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, On Street Parking

Lifestyle features

Suburban, Town
Property Description ID:33251368

This large three bedroom colonial house is located on a very well kept street in Denby on the Eastside of Detroit, the house is only a few streets away Denby High School. The tenants are keeping the property in a great condition and are paying $750 rent a month. There are three large bedrooms, a full basement, wooden flooring and a large rear garden with a detached garage. This is a fantastic rental property and is under management by a local property management company.

This house is located in Denby a great area in Detroit with a proud community feel, this area has great schools and lots of local amenities, it is right next to East English Village and Morningside.

Investment Details

Purchase price: 36,900

Gross annual rental income: $9,000

Property running costs: $2,430
(Tax, insurance and management costs)

Net annual rental income: $6,570

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

Return on investment: 18%

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