Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This huge multi-tenanted property is made up of two very large three bedroom apartments. Not only is this property tenanted at $1,150 a month but the management company is offering a six month rental guarantee with this property. This is the best multi-tenanted property on the market today and is under management by one of the leading Detroit property management companies.This property is located in Cook Farm just five miles from the centre of Downtown Detroit. Due to its close proximity of the city this property is ideal for long term renting.

 

Investment Details

 

$13,800 rent a year.
$1,380 management fee.
$1,290 taxes.
$800 insurance.
= 26% net return.

Key Information

Property ID: 22470801
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 6
Bathrooms: 3
Price:
  • £30,548
  • €34,200
  • $39,000
Short Description:

This huge six bedroom multi unit house is amzing value at only $38,995 with a rental income of $1,150 per month.