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Four Bedroom House (ref. 28292196)
Date & Time Listed: 2017-07-10 11:28:06 (GMT)
This very large four bedroom is located on a very well kept street in Martins Albert which is a great family area on the Eastside of Detroit. The property is in a good condition and has four large bedrooms, a full basement and large rear garden. There are great tenants in place paying $750 a month, it is also under management by one of the leading Detroit property management companies.
This property is very well located, the area is called Martins Albert 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.
Purchase price: $34,500
Gross annual rental income: $9,000
Property running costs: $2,737
(Tax, insurance and management costs)
Net annual rental income: $6,293
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 19%
This property is a Townhouse for sale.
Number of Bedrooms: 4
Number of Bathrooms: 1
Price: 34,500.00 USD
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