41694415 - Buy a House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Type: House Property ID: 41694415
Location: Detroit, USA Added on: 13 May 2023
Price: £59,361

Short Description

This is a rare find for Detroit at only $69,900..

Key Information

  • Property ID: 41694415
  • Location: Detroit
  • Property Type: House
  • Prices: £ 59,361 / € 67,811 / $ 69,900

Full Description

This large three bedroom colonial house is located on a very well kept street
in Yorkshire Woods on the Eastside of Detroit, the house is only 1 mile and
three minutes from Denby High School.
This property is in a great condition, there are three large bedrooms, a full
basement and a large rear garden. The property has good tenants in place
that has resided in the house for 2 years. The tenant pays $950 in rent each
month. The current market rent is $1,250 each month
The house is under management with a great local Detroit property
management company.

This house is located in Yorkshire Woods a great area in Detroit with a proud
community feel, this area has great schools and lots of local amenities, it is
right next to Denby and Cornerstone Village. The property is just 1 mile and 3
minutes from Denby High School one of the best schools in 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

7.69 Years

Contact the Advertiser


Property Alerts

  • House
  • 3 bedrooms
  • USA
  • Detroit
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