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Three Bedroom House (ref. 30221626)
Date & Time Listed: 2018-02-12 13:00:02 (GMT)
This large three bedroom house is located in Littlefield on the Westside of Detroit, this area is just north of Grandale and right next to Belmont, 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 located in Littlefield on the desirable Westside of Detroit, the house is just two streets away from Belmont and 1.8 miles from Grandmont Rosedale. It is also very close to the University District so it is surrounded by some of the best areas in 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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