Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large four bedroom colonial property is located in Kingston Heights which is part of the Denby neighborhood. This property has four large bedrooms, two bathrooms and a full basement. There is a new tenant in place paying $700 a month. This property is under management by one of the leading Detroit property management companies.Kingston Heights is a great family area with many schools and good local facilities. This property is located just one street away from Denby High School which is the main school in the area and one of the biggest in Detroit. Denby is close to Morningside, East English Village and is only 10 miles from Downtown Detroit, all of these factors makes it the perfect investment property.

 

Investment Details

 

$8,400 rent a year.
$840 management fee.
$1,053 taxes.
$500 insurance.
= 21% net return.

Key Information

Property ID: 23410478
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 1
Price:
  • £22,726
  • €25,240
  • $29,900
Short Description:

This large four bedroom brick house is amazing value at only $29,900 and also tenanted paying $700 per month.