Global Property Guide

Financial Information for the Residential Property Buyer


Full Description

This three bedroom brick house is located in Grandale on the Westside of Detroit, the property is just one street away from the entrance to the famous Grandmont Rosedale. This property was only recently updated before the current tenants moved in, there are three large bedrooms, a full basement, a detached garage and a very large rear garden. This property also comes with great tenants in place who are paying $720 rent a month. This is a fantastic rental property and is under management by a local Detroit property management company.

This property is located in Grandale right on the border of Grandmont Rosedale. This area is also close to Rosedale Park, Brightmoor and Warrendale. Grandale is a great neighbourhood with many good schools and great local facilities

Investment Details

Purchase price: $35,400

Gross annual rental income: $8,640

Property running costs: $2,350
(Tax, insurance and management costs)

Net annual rental income: $6,290

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%

Key Information

Property ID: 31168428
Location: USA, Michigan, Wayne County, Detroit
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
  • £27,647
  • €31,440
  • $35,400
Short Description:

This large three bedroom house is amazing value at $35,400 and also tenanted..