Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This huge house is split into four large two bedroom apartments, each apartment is currently rented to great tenants who are paying $25,200 a year in total. This property is located in Warren which is part of Macomb County and outside the Metro Detroit area. Some of the most expensive real estate in the whole of Michigan is located in Macomb County. The property has some recent updates including a new green efficient furnace system. This property is currently under management by one of the leading Michigan property management companies.Warren is north of the 8 Mile and is considered a quiet and good family area outside the city limits. While still only 20 minutes from Downtown Detroit this property is also 20 minutes to the city of Troy which is renowned for its A+ graded schools and the MGM Grand hotel.

 

Investment Details

 

$25,200 rent a year.
$2,520 management fee.
$1,544 taxes.
$1,000 insurance.
= 36% net return.

Key Information

Property ID: 23351688
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 8
Bathrooms: 4
Price:
  • £44,483
  • €49,660
  • $56,000
Short Description:

This huge eight bedroom house is amazing value for only $56,000 and split into four two bedroom apartments.