Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large three bedroom house is located on a very well kept street in Mohican Regent.This property is in a great condition and has very good tenants in place paying $650 a month. There is a full basement, detached garage and large rear garden. This house is under management by one of the leading Detroit property management companies.Mohican Regent is a great family area in Detroit with many schools and great local facilities, it is very close to Eastpointe and also close to Harper Woods which are expensive areas and very highly demanded. It is also just over 11 miles to the centre of Downtown Detroit, the location of this property makes it perfect for long term renting.

 

Investment Details

 

$7,800 rent a year.
$780 management fee.
$1,480 taxes.
$400 insurance.
= 18% net return.

Key Information

Property ID: 24101947
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £21,248
  • €25,160
  • $27,900
Short Description:

This large three bedroom house is a rare find at $27,900 and also tenanted.