Three bedroom house, City of Detroit, USA
City of Detroit, Wayne County, Michigan, USA
Property ID: 41654250
Summary Data
| Price | £44,924 |
| Price Type | |
| Bedrooms | 3 - Bed |
| Bathrooms | 1 - Bath |
| Plot Size | 996m2 |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This very nice three bedroom house is located on a very well kept street in
Yorkshire Woods on the Eastside of Detroit, the house is only 1.3 miles and four
minutes from Denby High School.
The property consists of three bedrooms, one and a half bathrooms, a large
kitchen and lounge/diner, a full basement and a large rear garden. The property
has tenants in place paying $850 per month.
The house is under management by a local Detroit property management
company.
This house is located in Yorkshire Woods a great area in Detroit with a proud
community feel, this area has great schools and lots of local amenities, it is right
next to Denby and Cornerstone Village. The property is just 1.3 miles and 3
minutes from Denby High School one of the best schools in Detroit.
Investment Calculation
Purchase price: $52,900
Gross annual rental income: $10,200
Property running costs: $2,271
(Tax, insurance and management costs)
Net annual rental income: $7,929
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%
Break even in 6.6 Years