Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This huge three bedroom house is located in the prestigious area of Bagley, right next to the entrance of the University District. The property is in a great condition and has very good tenants in place, they have been in the property for over three years now and have kept the property very well maintained. This property is under management by one of the leading Detroit property management companies.Bagley is viewed as one of the best areas in Detroit and has its own Association who take care of the local parks and tree-lined streets. This area is right next to the famous University District where you will find some of the most expensive real estate in Detroit.

 

Investment Details

 

$9,000 rent a year.
$900 management fee.
$2,200 taxes.
$500 insurance.
= 18% net return.

Key Information

Property ID: 22969029
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £23,095
  • €26,350
  • $30,500
Short Description:

This large three bedroom brick house is a great investment in Detroit at only $30,500 and in a great area for long term rentals.