41636729 - Buy a Townhouse in USA, Michigan, Wayne County, City of Detroit

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Four bedroom house

Property Information

Type: Townhouse Property ID: 41636729
Location: City of Detroit, USA Added on: 17 May 2022
Price: £62,758

Short Description

This large four bedroom house is amazing value at $73,900..

Key Information

  • Property ID: 41636729
  • Location: City of Detroit
  • Property Type: Townhouse
  • Prices: £ 62,758 / € 71,692 / $ 73,900
  • Detatched
  • Garden
  • Off Street Parking

Full Description

This large four bedroom colonial house is located on a very well kept street in
Outer Drive-Hayes on the Eastside of Detroit, the house is less than a mile and
only two minutes from Denby High School.
The house is spacious and consists of four bedrooms, one and a half
bathrooms, a full basement and a rear garden with a detached garage. The
property has good tenants in place that has resided in the house for 4 years. The
tenant pays $800 in rent each month. Properties in this location of this size
currently rent for up to $1,050 each month so should the tenant leave the rent
could be increased.

This house is located in Outer Drive-Hayes 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 East English Village and Morningside. The property is less than a mile and
walking distance from Denby High School one of the best schools in Detroit.


Investment Calculation

Purchase price: 73,900

Gross annual rental income: $9,600

Property running costs: $2,705
(Tax, insurance and management costs)

Net annual rental income: $6,895

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

Return on investment: 10%

Break even in 10 Years

Contact the Advertiser


Property Alerts

  • Townhouse
  • 4 bedrooms
  • USA
  • City of Detroit
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