Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This huge redbrick house is split into three large apartments. On the ground floor you have a large three bed apartment, then upstairs you have two separate one bedroom apartments. This property is located in Russell Woods close to schools and amenities and comes with a $10,000 refurbishment included in the purchase price .This property is under management by one of the leading Detroit property management companies.This property is located Russel Woods right next to Oakman Boulevard, this area is also very close to the University District and Boston Edison.

 

Investment Details

 

$16,800 rent a year.
$1,680 management fee.
$1,400 taxes.
$800 insurance.
= 32% net return.

Key Information

Property ID: 22666470
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 5
Bathrooms: 3
Price:
  • £30,667
  • €34,990
  • $40,500
Short Description:

This huge five bedroom house is split into three apartments at a fantastic price of only $40,500 for this type of property this is rare.