Global Property Guide

Financial Information for the Residential Property Buyer


Full Description

This large three bedroom house is ideally located in the heart of Cornerstone Village, right next to East English Village.The property is in a great condition and was only refurbished in 2013 including a new roof. The property has great tenants in place paying $700 a month.This is a great rental property and is under management by one of the leading Detroit property management companies.This property is located in Cornerstone Village which is a great location in Detroit, it is right next to East English Village, Grosse Pointe Farms and Harper Woods. This property is perfectly located for long term renting.


Investment Details


$8,400 rent a year.
$840 management fee.
$1,950 taxes.
$500 insurance.
= 17% net return.

Key Information

Property ID: 22754364
Location: USA, Michigan, Wayne County, Detroit
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
  • £22,419
  • €26,100
  • $29,500
Short Description:

This large three bedroom brick house is amazing value at only $29,500 and tenanted paying $700 per month.