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Three Bedroom House (ref. 30221627)
Date & Time Listed: 2018-02-12 13:00:03 (GMT)
This large three bedroom house is located in Grandale on the Westside of Detroit, right next to the famous Grandmont Rosedale and just south of Belmont. 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 Grandale, a popular Westside neighbourhood with good schools and great local facilities. It is less than one mile from the famous Grandmont Rosedale and it is also close to Rosedale Park Brightmoor and Warrendale.
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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