41692555 - Buy a House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Type: House Property ID: 41692555
Location: Detroit, USA Added on: 16 Mar 2023
Price: £63,607

Short Description

This three bedroom is a rare find at $74,900..

Key Information

  • Property ID: 41692555
  • Location: Detroit
  • Property Type: House
  • Prices: £ 63,607 / € 72,662 / $ 74,900

Full Description

This beautiful three bedroom house is located in The Eye on the Westside of Detroit, this
area is just north of Dearborn which is one of the best areas in Detroit.
This property is in a great street, and consists of three large bedrooms, one bathroom, a
lounge diner, a full basement, a very large rear garden with a detached garage. The house
has long term Section 8 tenants in place paying $1,150 in rent each month. The rent is paid
direct to then landlord via the City of Detroit.
The house is under management with a great local Detroit property management company.

This property is very well located on the Westside of Detroit, the area is called The Eye
which is just north of Dearborn and only a short walk to The Redford Union High School.
The area is a very nice safe family orientated suburb, in fact the name “ The Eye “ was
given to the community-organised watch group that formed in the 1980s to patrol the area
day and night to keep it safe. It is also close to Rosedale Park, Belmont and Redford, all of
which are very desirable areas on the Westside of Detroit.


Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

6.6 Years

Contact the Advertiser


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  • 3 bedrooms
  • USA
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