Two bedroom house, Detroit, USA

Detroit, Wayne County, Michigan, USA

Property ID: 41691620

Summary Data

Price £42,376
Price Type
Bedrooms 2 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This very nice two bedroom house is located on a very well kept street in Grandale
on the Westside of Detroit just 2.2 miles from the famous Grandmont Rosedale.
This property has two large bedrooms, one bathrooms, a large basement and a
large rear garden. The house also has a tenant in place paying $750 in rent each
month.
The house is under management with a great local Detroit management company.

This property is located in Grandale and is just 2 miles to the famous Rouge Park
golf course. Grandale is just south of Grandmont Rosedale. This area is also close
to Rosedale Park, Brightmoor and Warrendale. Grandale is a great neighbourhood
with many good schools and great local facilities.

 

Investment Calculations
Purchase price
$49,900
Gross annual rental income:
$9,000
Property running costs:(Tax, insurance and management costs)
$2,200
Net annual rental income:
$6,800
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

14%

Break even in

7.14 Years

No investment data available