41694502 - Buy a House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Type: House Property ID: 41694502
Location: Detroit, USA Added on: 22 May 2023
Price: £62,843

Short Description

This three bedroom is amazing value at $74,000..

Key Information

  • Property ID: 41694502
  • Location: Detroit
  • Property Type: House
  • Prices: £ 62,843 / € 71,789 / $ 74,000

Full Description

This large three bedroom house is located on a very well kept street in Greenfield
on the Westside of Detroit, the house is just 1.4 miles and only five minutes from
Wayne County Community College
The property has three large bedrooms, one bathroom, a large kitchen diner, a
large basement and a rear garden with a garage.
There are tenants in place paying $1,200 in rent each month, the tenants are
Section 8 so the rent is paid each month by the City of Detroit. The property is
also under management with a great local Detroit management company.

Greenfield is a great area right next to Grandmont Rosedale on the Westside of
Detroit. Grandmont Rosedale is viewed as one of the best areas in Detroit and
has its own Development Corporation who take care of the local parks, treelined streets and local shopping area.

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

6.25 Years

Contact the Advertiser


Property Alerts

  • House
  • 3 bedrooms
  • USA
  • Detroit
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