Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large two bedroom house is in a great condition and has been very well maintained by the current tenants. The tenants are paying $700 a month which is very high rent for a two bedroom house. The property has wooden floors, a full basement and large rear garden. This house is under management by one of the leading Detroit property management companies.This property is located in North Rosedale Park which is a good family area right next to Grandmont Rosedale. Rosedale Park and Grandmont Rosedale are expensive areas in Detroit with great schools and lots of local amenities. This property is just a few streets away from Wayne Community College which is one of the biggest colleges in Detroit.

 

Investment Details

 

$8,400 rent a year.
$840 management fee.
$1,112 taxes.
$500 insurance.
= 22% net return.

Key Information

Property ID: 23583568
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 2
Bathrooms: 1
Price:
  • £21,317
  • €25,280
  • $27,900
Short Description:

This large two bedroom house is amazing value at only $27,900 and also tenanted paying $8,400 per year.