Two bedroom house, Detroit, USA

Detroit, Wayne County, Michigan, USA

Property ID: 41686219

Summary Data

Price £50,869
Price Type
Bedrooms 2 - Bed
Bathrooms 1 - Bath
Plot Size 961m2
Building Size
Sector Residential
Type Houses

Location Map

Property Description

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.

Investment Calculation

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

No investment data available