41692979 - Buy a House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Type: House Property ID: 41692979
Location: Detroit, USA Added on: 23 Mar 2023
Price: £55,115

Short Description

This three bedroom is a rare find at $64,900..

Key Information

  • Property ID: 41692979
  • Location: Detroit
  • Property Type: House
  • Prices: £ 55,115 / € 62,961 / $ 64,900

Full Description

This fantastic three bedroom brick bungalow is located on a very well kept street on
the Eastside of Detroit in Regents Park, the house is also just a short walk to the
Fisher magnet Academy.
The property is in a great condition and has just been updated throughout. There
are three large bedrooms, a full basement and a large rear garden with a detached
garage. The management company will place brand new tenants when the new
owner closes on the property paying $950 – $1,050 in rent each month. The tenants
can either be Section 8 or private, the decision will be for the new owner.

This house is very well located on the East side of Detroit. The property is in
Regents Park next to 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 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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  • House
  • 3 bedrooms
  • USA
  • Detroit
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