41694214 - Buy a House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Type: House Property ID: 41694214
Location: Detroit, USA Added on: 07 May 2023
Price: £69,551

Short Description

This three bedroom is amazing value at $81,900..

Key Information

  • Property ID: 41694214
  • Location: Detroit
  • Property Type: House
  • Prices: £ 69,551 / € 79,453 / $ 81,900

Full Description

This very nice large colonial three bedroom house is located on a well kept street in
Crary-St.Marys on the Westside of Detroit, this property is within walking distance of
Wayne Community College, one of the best colleges in Detroit, Crary-St. Marys is
surrounded by some of the best neighbourhoods in Detroit.
This property has three large bedrooms, one bathroom, a large basement and a
large rear garden, it also comes with tenants in place. The market rent is currently
closer to $1,000 – $1,200 in this area so should the tenant leave the rent could be
increased. The house is under management with a great local Detroit property
management company.

This property is located in Crary-St. Marys, part of the District 1 Community on the
Westside of Detroit, District 1 covers some of the best areas in Detroit including
Brightmoor, Castle Rouge, Old Redford, Riverdale, Berg-Lahser, Grandmont #1,
Grandmont Community, Rosedale Park, North Rosedale Park.


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

12.5 Years

Contact the Advertiser


Property Alerts

  • House
  • 3 bedrooms
  • USA
  • Detroit
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