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Three Bedroom House (ref. 30220059)
Date & Time Listed: 2018-02-12 12:57:56 (GMT)
This large three bedroom house is located in Grandale on the Westside of Detroit, this area is just north of Dearborn which is one of the best areas in Detroit. 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, a detached garage and a large rear garden This is a fantastic rental property and is under management by one of the leading Detroit property management companies.
This property is very well located on the Westside of Detroit, the area is called Grandale which is just north of Dearborn and only 3.4 miles from the centre of Grandmont Rosedale. It is also close to Rosedale Park, Belmont and Redford, all of which are very desirable areas on the Westside of Detroit.
Purchase price: $38,900
Gross annual rental income: $9,000
Property running costs: $2,174
(Tax, insurance and management costs)
Net annual rental income: $6,826
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
This property is a Townhouse for sale.
Number of Bedrooms: 3
Number of Bathrooms: 1
Price: 38,900.00 USD
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