Six bedroom house Detroit, Wayne County, Michigan, USA 6 Bed Townhouse £8,027 | €8,940 | $10,900 Request a Currency Exchange Quote Here

This large six bedroom multi unit is a rare find at $109,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41581409

This large multi-family house is well located in Grand River on the Westside of Detroit, just north of Aviation Sub. The property is made up of two large three bedroom apartments and has just undergone a refurbishment. The work has been done to a Section 8 standard and the management company will be placing two Section 8 tenants before you close on the property, each tenant will be paying $1,100 rent per month. This property is managed by a great local property management company.

The property is located next to Aviation Sub which is seen as one of the best neighbourhoods in Detroit, it was one of the first exclusive subdivisions built outside the city of Detroit. Grand River is also next to Dearborn which is also viewed as one of the top areas in Detroit.

Investment Calculation


Purchase price: 109,900

Gross annual rental income: $26,400

Property running costs: $4,186
(Tax, insurance and management costs)

Net annual rental income: $22,214

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

Return on investment: 21%

Break even in 4.76 Years

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