Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large three bedroom house is located in Brightmoor a very popular area with investors. The property is in a good condition and has great tenants in place paying $700 a month in rent. This property is under management by one of the leading Detroit property management company.Brightmoor is a great area with many good schools and lots of local amenities, it is close to Redford Charter Township, Eliza Howell Park, Grandmont Rosedale and Rosedale Park which are also good areas in Detroit.

 

Investment Details

 

$8,400 rent a year.
$840 management fee.
$1,600 taxes.
$500 insurance.
= 20% net return.

Key Information

Property ID: 22905956
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £24,912
  • €28,430
  • $32,900
Short Description:

This large three bedroom house is a great investment at only $28,000 and also tenanted paying $8,400 per month.