Four bedroom house Detroit, Wayne County, Michigan, USA 4 Bed Townhouse £50,005 | €55,688 | $67,900 Request a Currency Exchange Quote Here

This large four bedroom multi unit is amazing value at $67,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41623707

This fantastic two apartment multi family home is located in Midwest on the
Westside of Detroit, this area is just north of Dearborn which is one of the best
areas in Detroit.
The property is split into two spacious two bedroom apartments. Both apartments
have good long term tenants in place that are paying $750 in rent each month.
This is a fantastic rental property and is under management by a local property
management company.

This property is very well located on the Westside of Detroit which is just north of
Dearborn and only eight minutes from Wayne State University which is the largest
University in Detroit. The house is also less than five minutes from the centre of
downtown Detroit.

 

Investment Calculation

Purchase price: 67,900

Gross annual rental income: $18,000

Property running costs: $3,098
(Tax, insurance and management costs)

Net annual rental income: $14,902

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

Return on investment: 23%

Break even in 4.34 Years
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