Three bedroom house Detroit, Wayne County, Michigan, USA 3 Bed Townhouse £43,377 | €48,306 | $58,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $58900..

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Property Attributes

Building Characteristics


Property Features

Off Street Parking, Outside Space
Property Description ID:41615538

This very nice three bedroom house is located on a very well kept street in
Grandale on the Westside of Detroit just 2.3 miles from the famous Grandmont
This property has three large bedrooms, one bathrooms, a large basement and a
large rear garden. The house has a good tenant in place paying $900 in rent each
month. The tenant is Section 8 housing so the rent is paid direct to the landlord Via
the City of Detroit.
The house is under management with a great local Detroit management company.

This property is located in Grandale and is less than 2 miles to the famous Rouge
Park golf course. Grandale is just south of Grandmont Rosedale. This area is also
close to Rosedale Park, Brightmoor and Warrendale. Grandale is a great
neighbourhood with many good schools and great local facilities.

Investment Calculation

Purchase price: 58,900

Gross annual rental income: $10,800

Property running costs: $3,016
(Tax, insurance and management costs)

Net annual rental income: $7,784

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

Return on investment: 14%

Break even in 7.14 Years
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