Three bedroom house, Detroit, USA

Detroit, Wayne County, Michigan, USA

Property ID: 41694415

Summary Data

Price £59,361
Price Type
Bedrooms 3 - Bed
Bathrooms 1 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This large three bedroom colonial house is located on a very well kept street
in Yorkshire Woods on the Eastside of Detroit, the house is only 1 mile and
three minutes from Denby High School.
This property is in a great condition, there are three large bedrooms, a full
basement and a large rear garden. The property has good tenants in place
that has resided in the house for 2 years. The tenant pays $950 in rent each
month. The current market rent is $1,250 each month
The house is under management with a great 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 mile and 3
minutes from Denby High School one of the best schools in Detroit.

Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$11,400
Property running costs:(Tax, insurance and management costs)
$2,840
Net annual rental income:
$8,560
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

13%

Break even in

7.69 Years

No investment data available