Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very large three bedroom house is located on a very well kept street in Regent Park which is a great family area in Detroit.This property is in a great condition and has been updated throughout including new carpets and paint, finished basement and updated electrics. There is a great tenant in place paying $750 a month, this house is also under management by one of the leading Detroit property management companies.This property is very well located, the area is called Regents Park and is close to Eastpointe which is a highly sought after area. It is also close to East English Village, Harper Woods and Grosse Pointe Woods.

 

Investment Details

 

$9,000 rent a year.
$900 management fee.
$1,616 taxes.
$400 insurance.
= 20% net return.

Key Information

Property ID: 24111022
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £23,846
  • €26,110
  • $30,900
Short Description:

This large three bedroom brick house is a rare find at $30,900 and with a rental income of $9,000 per year.