This huge four bedroom brick house is great value at only $32,000 and tenanted paying $9,600 per year.
Garden, Basement, On Street Parking
This very large four bedroom house has just been completely refurbished throughout, there is an updated kitchen, new paint and carpets and finished basement. This property has a brand new tenant that moves into the property today, they are paying $800 a month. This property is under management by one of the leading Detroit property management companies.This property is located in Emerson Manor a good family area in Detroit with great schools and lots of local amenities. This house is located very close to Wayne County Community College one of the biggest schools in Detroit. Emerson Manor is right next to the famous Grandmont Rosedale and also close to Redford.
$9,600 rent a year. $960 management fee. $1,302 taxes. $500 insurance. = 21% net return.