Four bedroom house, Detroit, USA

Detroit, Wayne County, Michigan, USA

Property ID: 41694297

Summary Data

Price £59,361
Price Type
Bedrooms 4 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This great four bedroom colonial house is located on a very well kept street in
Crary-St.Marys on the Westside of Detroit, the house is just 2 miles to Wayne
Community College, one of the best colleges in Detroit, Crary-St.Marys is
surrounded by some of the best neighbourhoods in Detroit.
This property is in a great condition and has four bedrooms, one bathroom, a large
basement and a large rear garden. The property has tenants in place paying $750
per month. Section 8 4 beds homes can reach up to $1,350 in rent each month so
should the tenant leave the rent could be increased.
The house is under management by a local Detroit property management company.

This propetry is located in Crary-St. Marys, part of the District 1 Community on the
Westside of Detroit, District 1 covers some of the best areas in Detroit including
Brightmoor, Castle Rouge, Old Redford, Riverdale, Berg-Lahser, Grandmont #1,
Grandmont Community, Rosedale Park, North Rosedale Park.

Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$9,000
Property running costs:(Tax, insurance and management costs)
$2,949
Net annual rental income:
$6,051
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

9%

Break even in

11,1 Years.

No investment data available