Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very large three bedroom house offers excellent value for money, this property comes with a $3,500 refurbishment included in the purchase price, the work will be completed within two weeks of you taking ownership. This property also comes with a one month rental guarantee that is paid on the day of closing. This property is under management by one of the leading Detroit property management companies.This property is located in Monnier Puritan, to the west you have Belmont and to the east you have Fitzgerald, Marygrove College which is one of the biggest colleges in Detroit is just a few streets away. It is also close to Royal Oak Charter Township which is an expensive area with great bars and restaurants.

 

Investment Details

 

$9,000 rent a year.
$900 management fee.
$992 taxes.
$500 insurance.
= 23% net return.

Key Information

Property ID: 23618087
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £21,896
  • €25,930
  • $28,750
Short Description:

This three bedroom brick house is great value at only $28,700 and with a rental income of $9,000.