Six bedroom house Detroit, Wayne County, Michigan, USA 6 Bed Townhouse £62,524 | €69,630 | $84,900 Request a Currency Exchange Quote Here

This huge six bedroom house is amazing value at $84,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41608544

This fantastic large brick built two apartment colonial house is located on a very
well kept street in the Dexter-Linwood neighbourhood on the North West side of
Detroit, the house is less than eight minutes from Wayne State University.
The property consists of two large three bedrooms apartments. You have a large
three bedroom apartment downstairs and a large three bedroom apartment
upstairs. Both apartments will be provided to the new owner vacant and will be
made rental ready.
The management company will place brand new tenants paying $800 – $850 in
rent each month in each apartment.

This house is located in the Dexter-Linwood Community a great area in Detroit
with a proud community feel, this area has great schools and lots of local
amenities, it is less than eight minutes from Wayne State University of Detroit and
just six miles from Downtown Detroit.

 
 

Investment Calculation

Purchase price: 84,900

Gross annual rental income: $20,400

Property running costs: $3,822
(Tax, insurance and management costs)

Net annual rental income: $16,578

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

Return on investment: 20%

Break even in 5 Years
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