This huge four bedroom brick house is amazing value at only $29,900 and also tenanted paying $800 per month.
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Property Attributes
Building Characteristics
Detatched
Property Features
Garden, Basement, On Street Parking
Lifestyle features
Suburban, Town
Property DescriptionID:22498603
This very large four bedroom house has recently been refurbished throughout . The property comes on a huge corner lot and has a full basement and large rear garden. There is a new tenant in place paying $800 a month. This property is under management by one of the leading Detroit property management companies.This property is located in Builders right next to the famous Old Redford Community. This is a nice family area with great schools and colleges, close by you have Renaissance High School, Old Redford Academy and Wayne County Community College.
Investment Details
$9,600 rent a year. $960 management fee. $1,633 taxes. $500 insurance. = 22% net return.
This huge four bedroom brick house is amazing value at only $29,900 and also tenanted paying $800 per month.