Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large three bedroom colonial style property is located in our most demanded area, Morningside. This property has been recently updated and has an updated kitchen and new carpets and paint throughout. This property is under management by one of the leading Detroit property management companies who are currently screening tenants for placement at $750 a month.Morningside is our most demanded area by investors due to its close proximity to Downtown Detroit and the rentability of the properties. Not only is this property in Morningside but it very well situated, right next to East English Village and also close to Grosse Pointe and Eastpointe.

 

Investment Details

 

$9,000 rent a year.
$900 management fee.
$982 taxes.
$500 insurance.
= 21% net return.

Key Information

Property ID: 22834809
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £24,231
  • €27,650
  • $32,000
Short Description:

This three bedroom house is a rare find at only $32,000 and in a great location of Detroit for long term rentals.