Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large three bedroom ranch style property is currently listed in the US at $30,000, Global Investments have an exclusive $2,000 discount for our clients only. The property was only recently updated including an updated kitchen, polished hardwood floors and new paint. There is a great new tenant in place paying $700 a month. This property is under management by one of the leading Detroit property management companies.This property is located in Ravendale which is a good family area which has many schools and good local facilities. Ravendale is close to Redford Charter Township and River Rouge, also great areas in Detroit.

 

Investment Details

 

$8,400 rent a year.
$840 management fee.
$1,300 taxes.
$500 insurance.
= 21% net return.

Key Information

Property ID: 22982398
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £21,883
  • €24,970
  • $28,900
Short Description:

This large three bedroom brick house is amazing value at only $28,900 and also tenanted paying $8,400 per year.