Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very large three bedroom colonial style property is Section 8 approved and Section 8 tenanted. This property has been recently updated and comes with an updated kitchen, full basement and large rear garden. With low yearly taxes and high rent this is the perfect investment property. This property is also under management by one of the leading Detroit property management companies.This property is located in Bassett & Smith which is part of Littlefield community and is right next to Bagley, it is also only 2.9 miles from the famous University District and four miles from the Historic District of Boston Edison.

 

Investment Details

 

$10,800 rent a year.
$1,080 management fee.
$842 taxes.
$500 insurance.
= 21% net return.

Key Information

Property ID: 23193750
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £29,798
  • €35,340
  • $39,000
Short Description:

This large three bedroom brick house is great value at only $39,000 and with a high net of 21%.