Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This huge three bedroom brick colonial is located on a very nice street right next to Marygrove College. This property is in a great condition and has many recent updates including new carpet and paint. The property is rented to a great family who are paying $825 a month. This property is under management by one of the leading Detroit property management companies.This property is located in Fitzgerald which is famous for its large colonial style properties. This property is right beside Marygrove College which is one of the largest colleges in Detroit. Fitzgerald is a great area and borders Bagley and the University District which are two of the best areas in Detroit.

 

Investment Details

 

$9,900 rent a year.
$990 management fee.
$2,008 taxes.
$500 insurance.
= 18% net return.

Key Information

Property ID: 23643443
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £26,784
  • €32,190
  • $34,900
Short Description:

This large three bedroom brick house is amazing value at $34,900 and also tenanted paying $9,900