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Three Bedroom House (ref. 30538956)
Date & Time Listed: 2018-03-12 12:58:25 (GMT)
This three bedroom house is located on a very well kept street in Fishkorn on the Westside of Detroit, the house is only a few streets away from the Rouge Park Golf Course. This property is in a great condition and has three large bedrooms, a large basement and a large rear garden. This property has tenants in place paying $700 rent a month, the tenants have been in the property for many years. This house 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 Fishkorn which is just north of Dearborn and only 3.3 miles from the centre of Grandmont Rosedale. It is also close to Rosedale Park, Grandale and Dearborn Heights, all of which are very desirable areas on the Westside of Detroit.
Purchase price: $37,500
Gross annual rental income: $8,400
Property running costs: $2,096
(Tax, insurance and management costs)
Net annual rental income: $6,304
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: 37,500.00 USD
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