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41698225 - Buy a House in USA, Michigan, Wayne County, Detroit

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Four bedroom house

Property Information

Type: House Property ID: 41698225
Location: Detroit, USA Added on: 18 Oct 2023
Price: £77,900

Short Description

This four bedroom house is amazing value at $77,900..

Key Information

  • Property ID: 41698225
  • Location: Detroit
  • Property Type: House
  • Prices: £ 77,900 / € 88,990 / $ 91,731

Full Description

This very nice large colonial four bedroom house is located on a very well kept street in
The Bethune Community on the Westside of Detroit, the house is just eight minutes
from the famous Grandmont Rosedale..
This property is in a nice street, and consists of four spacious bedrooms, one and a half
bathrooms, a lounge diner, a full basement, a large rear garden and a detached garage..
There is a tenant in place paying $950 n rent each month. The current market rent for
this property can reach up to $1,400 in rent each month. The house is under
management with a great local Detroit property management company.
This property is located in The Bethune Community on the desirable westside of Detroit,
the house is less than 3 miles from Grandmont Rosedale. It is also close to The
University district and Bagley, two of the best neighbourhoods in Detroit

Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$11,400
Property running costs:(Tax, insurance and management costs)
$2,986
Net annual rental income:
$8,414
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

11%

Break even in

9.09 Years.

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  • House
  • 4 bedrooms
  • USA
  • Detroit
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