41694297 - Buy a House in USA, Michigan, Wayne County, Detroit

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Four bedroom house

Property Information

Type: House Property ID: 41694297
Location: Detroit, USA Added on: 10 May 2023
Price: £59,361

Short Description

This four bedroom is amazing value at $69,900..

Key Information

  • Property ID: 41694297
  • Location: Detroit
  • Property Type: House
  • Prices: £ 59,361 / € 67,811 / $ 69,900

Full Description

This great four bedroom colonial house is located on a very well kept street in
Crary-St.Marys on the Westside of Detroit, the house is just 2 miles to 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 is in a great condition and has four bedrooms, one bathroom, a large
basement and a large rear garden. The property has tenants in place paying $750
per month. Section 8 4 beds homes can reach up to $1,350 in rent each month so
should the tenant leave the rent could be increased.
The house is under management by a local Detroit property management company.

This propetry 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

11,1 Years.

Contact the Advertiser


Property Alerts

  • House
  • 4 bedrooms
  • USA
  • Detroit
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