Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very large brick house is located on our most demanded road in Detroit, Balfour Road in Morningside. The property is currently undergoing a complete refurbishment by one of the leading building companies in Detroit. The work will be completed within the next two weeks. The property is split into two, very large two bedroom apartments, the management company are already screening tenants for immediate placement.Morningside is our most demanded area by investors due to its close proximity to Downtown Detroit and the rentability of the properties. There are two sides to Balfour Road, the Denby side and Morningside, properties on the Morningside of Balfour Road rarely come on the market and are seen as the better investment. 11144 Balfour Road on the Denby side of Balfour Road is currently on the market for $65,000.

 

Investment Details

 

$10,800 rent a year.
$1,080 management fee.
$1,164 taxes.
$700 insurance.
= 20% net return.

Key Information

Property ID: 22181339
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 2
Price:
  • £29,910
  • €34,130
  • $39,500
Short Description:

This huge four bedroom multi unit brick house is split into two large apartments perfect for long term rentals.