Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very large four bedroom house has recently been refurbished throughout . The property comes on a huge corner lot and has a full basement and large rear garden. There is a new tenant in place paying $800 a month. This property is under management by one of the leading Detroit property management companies.This property is located in Builders right next to the famous Old Redford Community. This is a nice family area with great schools and colleges, close by you have Renaissance High School, Old Redford Academy and Wayne County Community College.

 

Investment Details

 

$9,600 rent a year.
$960 management fee.
$1,633 taxes.
$500 insurance.
= 22% net return.

Key Information

Property ID: 22498603
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 1
Price:
  • £23,802
  • €26,500
  • $29,900
Short Description:

This huge four bedroom brick house is amazing value at only $29,900 and also tenanted paying $800 per month.