Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This three bedroom house is located in the much sought after area of East English Village, the average list price for East English Village is now $41,469.This property is in a great condition and has a very good tenant in place. There is a full basement, detached garage and very large rear garden. This house is under management by one of the leading Detroit property management companies.East English Village is highly sought after due to its ideal location, it is close to Morningside, Grosse Point and Eastpointe, which are also highly demanded areas. This house is located only a few streets away from the East English Village Preparatory Academy which is one of the best schools in the area.

 

Investment Details

 

$8,700 rent a year.
$870 management fee.
$1,546 taxes.
$500 insurance.
= 20% net return.

Key Information

Property ID: 23051903
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £23,548
  • €25,810
  • $28,900
Short Description:

This large three bedroom house is great value at only $28,900 and with a rental income of $8,700 per year.