Two bedroom house, Flint, USA

Flint, Genesee County, Michigan, USA

Property ID: 41689272

Summary Data

Price £41,527
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 single family home is located on a very well kept street just
West of Downtown Flint, Michigan.
The property has two large bedrooms, one bathroom, a very nice lounge diner, a full
basement and a large rear garden. The property is now vacant and being updated to a
good rental ready standard. There are some final cosmetic works included in the price
that will be completed when the new owner closes on the property.
The management company will place brand new tenants paying $900 in rent each
month.

Flint is a city an hour northwest of Detroit in Michigan. General Motors was founded in
Flint and was also the Buick World Headquarters. Flint is enjoying a revitalising
Downtown and growing colleges and universities are found within the city’s limits. The
property sits just 3 miles West of Downtown Flint & just four minutes and 1.5 miles from
Kettering University.

Investment Calculations
Purchase price
$48,900
Gross annual rental income:
$10,800
Property running costs:(Tax, insurance and management costs)
$2,180
Net annual rental income:
$8,620
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

No investment data available