Three bedroom house Detroit, Wayne County, Michigan, USA 3 Bed Townhouse £31,163 | €34,683 | $38,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $38,900...

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, On Street Parking

Lifestyle features

Suburban, Town
Property Description ID:33915512

This large three bedroom colonial house is located on a very well kept street in Crary on the Westside of Detroit, the house is less than five minutes from the famous Grandmont Rosedale and right next to Belmont. This property is in a good condition and has three large bedrooms, a large basement, a detached garage and a large rear garden. This property has tenants in place paying $740 rent a month. This house is under management by one of the leading Detroit property management companies.

This property is located in Crary on the desirable westside of Detroit, the house is just a few streets away from Belmont and only 1.7 miles from Grandmont Rosedale. It is also very close to the University District so it is surrounded by some of the best areas in Detroit.

Investment Details

Purchase price: 38,900

Gross annual rental income: $8,880

Property running costs: $2,469
(Tax, insurance and management costs)

Net annual rental income: $6,411

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

Return on investment: 17%

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