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Townhouse

Full Description

This three bedroom house is located in Grandale, and sold in 2006 for $80,527. The property is currently occupied by a great private tenant who is paying $650 a month. This property is under management by one of the leading Detroit property management companies.This property is located in the heart of Grandale which is a large community in Detroit with many good schools and great local facilities. This property is very close to the I96 Freeway which makes it great for long term rentals.

 

Investment Details

 

$7,800 rent a year.
$780 management fee.
$1,200 taxes.
$500 insurance.
= 21% net return.

Key Information

Property ID: 22141433
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £19,658
  • €22,370
  • $25,900
Short Description:

This three bedroom brick house is amazing value at only $25,900 and also tenanted paying $650 per month.