Three bedroom house, City of Detroit, USA

This fantastic three bedroom brick bungalow is located on a very well kept street on the
Eastside of Detroit in Regents Park next to Harper Woods.
There are three large bedrooms, one bathroom, a full basement and a nice garden with a
detached garage. The property has just been completely refurbished throughout to a very
high standard.
The management company already has a private tenant waiting to move in paying $1,100
in rent each month on November 1st.

This house is very well located on the East side of Detroit. The property is in Regents Park
bordering on Harper Woods. Properties in Harper Woods have increased dramatically
over the last few years and is now beginning to influence pricing within the bordering
areas. With rents almost equivalent to Harper Woods, this is a great opportunity to pick up
a solid property with great capital appreciation potential in the coming years.

Investment Calculation

Purchase price: $76,900

Gross annual rental income: $13,200

Property running costs: $3,820
(Tax, insurance and management costs)

Net annual rental income: $9,380

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 13%