Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very large colonial house is incredible value of money, this property has just been reduced today by $5,000 for a quick sale. Not only is the house very large but it comes with a huge 6,534 sqft lot. This property is under management by one of the leading Detroit property management companies who are currently screening tenants for placement. Properties of this style, size and location do not come on the market very often,especially at this price.This property is ideally located in Gratiot Gardens, a good family area in Detroit. Gratiot Gardens is close to Morningside, East English Village, Harper Woods and Grosse Pointe, so it is a very busy area great for long term renting.

 

Investment Details

 

$9,000 rent a year.
$900 management fee.
$1,350 taxes.
$500 insurance.
= 20% net return.

Key Information

Property ID: 22672187
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £25,394
  • €28,270
  • $31,900
Short Description:

This large three bedroom brick house is amazing value at only $31,900 this is rare for a house is this area of Detroit.