Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very large three bedroom house has just been completely refurbished to a very high standard, the work was carried out by one of the leading building companies in Detroit. There is a new kitchen, polished floors, new paint inside and out, fully finished basement, updated bathrooms, new boiler and furnace. This property is Section 8 approved and is currently with one of the top management companies in Detroit who are screening tenants for placement at $750 a month.Appoline Street is located in Littlefield which is a good family area with great local schools, close by you have three large high schools. The area is close to Bagley and Royal Oak Charter Township.

 

Investment Details

 

$9,000 rent a year.
$900 management fee.
$1,349 taxes.
$500 insurance.
= 18% net return.

Key Information

Property ID: 22969565
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £29,056
  • €32,340
  • $36,500
Short Description:

This large three bedroom brick house is in a great area of Detroit for long term rentals.