Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This half duplex brick house offers incredible value for money, the property is very well located and comes with a $3,000 refurbishment included in the purchase price. The work will be completed within two weeks of you taking ownership, this house also comes with a two month rental guarantee which is paid to you on closing. This house is under management by one of the leading Detroit property management companies.This property is ideally located on a large pass through road in Berg-Lasher, which is north of Rosedale Park and close to the 8 mile. This area is close to some of the most popular areas in Detroit, Grandmont, Rosedale Park, Brightmoor, Southfield, Redford, so it is very well located for long term rentals.

 

Investment Details

 

$7,200 rent a year.
$720 management fee.
$1,033 taxes.
$500 insurance.
= 21% net return.

Key Information

Property ID: 23863834
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 2
Bathrooms: 1
Price:
  • £17,669
  • €20,920
  • $23,200
Short Description:

This two bedroom duplex brick house is great value at only $23,200 and with a high net return of 21%.