Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This huge property is split into two large two bedroom apartments, one apartment is tenant occupied and the second apartment will rent quickly. This property comes with a $5,000 refurbishment included in the purchase price for some minor repairs and updates. You will also receive a two month rental guarantee of $2,000, which will be paid to your account on the closing of the property.This property is under management by one of the leading Detroit property management companies.This property is very well located, it is located in South Boston Edison right next to Virginia Park, this area has been deemed an investor hotspot due to the level of investment taking place in the New Center and the new rail-link on Woodward Avenue.

 

Investment Details

 

$12,000 rent a year.
$1,200 management fee.
$2,506 taxes.
$800 insurance.
= 26% net return.

Key Information

Property ID: 23968676
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 2
Price:
  • £23,609
  • €27,960
  • $31,000
Short Description:

This large four bedroom multi unit house is amazing value at $31,000 and with a high net of 26%.