Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This three bedroom house is located in Von Steuben on the Eastside of Detroit
just six minutes from the Belair Mall which holds host to the largest cinemas in
Detroit. This area is surrounded by great schools and colleges in Detroit and is
just a short walk to The Brenda Scott Academy.
The property is in a great condition, There are three large bedrooms, a full
basement and a large rear garden with a detached garage. The house has
good tenants in place paying $750 in rent each month and is also under
management with a great local Detroit management company.

This house is located in Von Steuben a great area in Detroit with a proud
community feel, this area has great schools and lots of local amenities, it is
near to The University district and is walking distance to The Brenda Scott
Academy.

 

Investment Calculation

Purchase price: 52,900

Gross annual rental income: $9,000

Property running costs: $2,503
(Tax, insurance and management costs)

Net annual rental income: $6,497

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

Return on investment: 13%

Break even in 7.69 Years

Key Information

Property ID: 41611154
Location: USA, Michigan, Wayne County, City of Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £38,958
  • €43,390
  • $52,900
Short Description:

This large three bedroom house is a rare find at $52,900..