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Three Bedroom House (ref. 28408191)
Date & Time Listed: 2017-07-31 11:24:59 (GMT)
This three bedroom house is located on a very nice street in Barton- McFarland just a few minutes walk away from Mackenzie Elementary- Middle School and only 3.8 miles from Grandmont Rosedale. The property is in a good condition and comes with great tenants in place who are paying $675 a month, there are three large bedrooms a full basement and large rear garden. This property is currently under management by one of the leading Detroit property management companies.
This property is located in the popular area of Barton-McFarland which is close to Dearborn and is only five miles from the famous University District and 3.8 miles from Grandmont Rosedale, it is also less than seven miles from Downtown Detroit, this area has lots of schools and great local amenities.
Purchase price: $32,500
Gross annual rental income: $8,100
Property running costs: $2,601
(Tax, insurance and management costs)
Net annual rental income: $5,499
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%
This property is a Townhouse for sale.
Number of Bedrooms: 3
Number of Bathrooms: 1
Price: 32,500.00 USD
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