Two bedroom house, Detroit, USA
Detroit, Wayne County, Michigan, USA
|Bedrooms||2 - Bed|
|Bathrooms||1 - Bath|
This two bedroom brick built house is located in Von Steuben on the Eastside
of Detroit just five minutes from the Belair Mall which holds host to the largest
cinemas in Detroit.
This area is surrounded by great schools and colleges in Detroit and is less
than one mile and walking distance to The Osborn College Academy.
The property has just been made rental ready by one of the best management
companies in Detroit, they also have a new tenant ready to move into the
property paying $800 rent a month.
This house is located in Von Steuben a great area in Detroit with a proud
community feel, this area has great schools and lots of local amenities, it is
near to The University district and is walking distance to The Academy.
Purchase price: $59,900
Gross annual rental income: $9,600
Property running costs: $2,757
(Tax, insurance and management costs)
Net annual rental income: $6,843
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 12%Break even in 8.33 Years