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41638592 - Buy a Townhouse in USA, Michigan, Wayne County

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Three Bedroom House

Property Information

Type: Townhouse Property ID: 41638592
Location: Wayne County, USA Added on: 04 Jun 2022
Price: £64,456

Short Description

This large three bedroom house is a rare find at $75,900..

Key Information

  • Property ID: 41638592
  • Location: Wayne County
  • Property Type: Townhouse
  • Prices: £ 64,456 / € 73,632 / $ 75,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This large three bedroom house is located on a very well kept street in Yorkshire
Woods on the Eastside of Detroit, the house is less than two miles and only five
minutes from Denby High School.
The house is spacious and consists of three bedrooms, one and a half
bathrooms, a full basement and a rear garden with a detached 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.

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 East English Village and Morningside. The property is walking distance
from Denby High School one of the best schools in Detroit.

 

Investment Calculation

Purchase price: 75,900

Gross annual rental income: $14,400

Property running costs: $2,940
(Tax, insurance and management costs)

Net annual rental income: $11,460

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 16%

Break even in 6.25 Years

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Property Alerts

  • Townhouse
  • 3 bedrooms
  • USA
  • Wayne County
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