Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very large three bedroom house is located in a very good area called Rose Edwards which is part of the Redford. This property has been recently updated and is Section 8 approved and Section 8 tenanted. The tenant is keeping the property in a great condition and is receiving high rent for a Section 8 property. This property is under management by one of the leading Detroit property management company.Redford is seen as one of the best neighbourhoods in Detroit, properties in Redford can fetch up to $80,000. To the south you have Brightmoor and to the north you have Southfield these are also great areas. This property is surrounded by good schools and colleges, close by you have Redford Union High and Wayne County Community College.

 

Investment Details

 

$10,200 rent a year.
$1,020 management fee.
$1,800 taxes.
$500 insurance.
= 21% net return.

Key Information

Property ID: 23674968
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £27,715
  • €30,880
  • $33,900
Short Description:

This large three bedroom house is great value at only $33,900 and also tenanted paying $10,200 per year.