Global Property Guide

Financial Information for the Residential Property Buyer


Full Description

This huge brick colonial property is divided into two large apartments, you have a two bedroom apartment upstairs and a three bedroom apartment downstairs, the total rent per year is $19,080. This property is located in Bagley just two minutes from Marygrove College and is under management by one of the leading Detroit property management companies.Bagley is a highly sought after area due to the large colonial type properties and tree lined streets. The area also has some excellent schools and there are many local facilities catering to the local community. This property is only 1.4 miles away from the famous University District which has some of the most expensive real estate in Detroit.


Investment Details

• $19,080 Rent a year.

• $1,908 Management fees.

• $1,748 Property taxes.

• $800 Insurance.

• 34% Net return.

Key Information

Property ID: 22624418
Location: USA, Michigan, Wayne County, Detroit
  • House
  • Townhouse
Bedrooms: 5
Bathrooms: 2
  • £33,273
  • €39,540
  • $43,000
Short Description:

This huge five bedroom multi unit house is split into two apartments and with a rental income of $19,080 per year.