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Townhouse

Full Description

This large three bedroom colonial house is located on a very well kept street in Denby on the Eastside of Detroit, the house is only a few streets away from Wayne Elementary School and five minutes from Denby High School. The tenants are keeping the property in a great condition and are paying $750 rent a month. There are three large bedrooms, a full basement, wooden flooring and a large rear garden. This is a fantastic rental property and is under management by a local property management company.

This house is located in Denby a great area in Detroit with a proud community feel, this area has great schools and lots of local amenities, it is right next to East English Village and Morningside.

 

Investment Details

Purchase price: $37,900

Gross annual rental income: $9,000

Property running costs: $2,469
(Tax, insurance and management costs)

Net annual rental income: $6,531

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

Return on investment: 18%

Key Information

Property ID: 31555023
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £28,539
  • €32,680
  • $37,900
Short Description:

This large three bedroom house is amazing value at $37,900 and also tenanted...