41693122 - Buy a House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Type: House Property ID: 41693122
Location: Detroit, USA Added on: 28 Mar 2023
Price: £52,567

Short Description

This three bedroom is a rare find at only $61,900..

Key Information

  • Property ID: 41693122
  • Location: Detroit
  • Property Type: House
  • Prices: £ 52,567 / € 60,050 / $ 61,900

Full Description

This fantastic three bedroom brick house is located on a very well kept street on the
Eastside of Detroit in Moross-Morang, the house is also just five minutes from Denby
High School.
The property is in a great condition and consists of three large bedrooms, a full
basement and a large rear garden with a detached garage. The property has tenants in
place paying $850 in rent each month. Current market rents are much higher reaching
up to $1,200 for some 3 beds so should the tenants leave the rent could be increased,
The property is under management with a great local Detroit property management

This house is very well located on the East side of Detroit. The property is in MorossMorang 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

7.69 Years

Contact the Advertiser


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  • House
  • 3 bedrooms
  • USA
  • Detroit
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