Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This tax auction property has three large bedrooms, a full basement and is in an excellent condition. There is a great long term tenant in place who pays $750 rent a month.This house is currently under management by one of the leading Detroit property management companies.This property is located in Saint Mary’s Academy between Littlefield and Fitzgerald. The property is very close to the John C Lodge Freeway one of the major routes into Downtown Detroit. There are many schools and colleges in the local area including Margrove College one of the biggest colleges in Detroit.

 

Investment Details

 

$9,000 rent a year.
$900 management fee.
$1,236 taxes.
$500 insurance.
= 22% net return.

Key Information

Property ID: 22356620
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £23,006
  • €25,610
  • $28,900
Short Description:

This large three bedroom house is amazing value at only $28,900 and also tenanted paying $750 per month.