Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This three bedroom brick house has been refurbished throughout including new carpets and paint, an updated kitchen, polished wooden floors and an updated bathroom. This property has just been placed on the market for renting at $800 a month and will rent quickly. This property is also under management by one of the the leading Detroit property management companies.This property is located in Grandmont right next to the famous Grandmont Rosedale. This area has a great community feel and there are many good schools in this area including Wayne County Community College which is one of the biggest in Detroit.

 

Investment Details

 

$9,600 rent a year.
$960 management fee.
$1,505 taxes.
$500 insurance.
= 20% net return.

Key Information

Property ID: 23674969
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £27,296
  • €29,920
  • $33,500
Short Description:

This large three bedroom brick house is amazing value at $33,500 and with a high net return of 20%.