Three bedroom house, Detroit, USA

Detroit, Wayne County, Michigan, USA

Property ID: 41698387

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 three bedroom house is located on a very well kept street in Barton-McFarland, a
sought after right next to Aviation Sub. This is a quiet respectable area next to Dearborn
and has a great community feel.
This property consists of three large bedrooms, one bathroom, a lounge diner, a full
basement and a large rear garden with a detached garage. The house has tenants in
place paying $800 in rent each month.
Barton-McFarland is a great neighbourhood in Detroit. This area is next to Aviation Sub
and Dearborn which are viewed as two of the top areas in Detroit. Many residents of
Dearborn have re-located to Aviation Sub and Barton-McFarland due to its exclusive
appeal. The house is also just 5 miles from the University of Detroit.

 

Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$2,806
Net annual rental income:
$6,794
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

10%

Break even in

10 Years.

No investment data available