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Three Bedroom House (ref. 26043400)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne

Ad Title: Three Bedroom House (ref. 26043400)
Date & Time Listed: 2016-10-17 11:04:02 (GMT)
Type of Ad: Want to Sell
Ad Details:
This three bedroom house is located in Regent Park which is a great family area in Detroit. The property has been updated throughout and is Section 8 approved and tenanted. There are three large bedrooms, a full basement and large detached garage at the rear of the property. This property is currently tenanted by a great long term Section 8 tenant. The rent of $650 a month is paid by the US Government.This property is managed by one of the leading Detroit property management companies.This property is very well located, the area is called Regents Park and is close to Eastpointe which is a highly sought after area. It is also close to East English Village, Harper Woods and Grosse Pointe Woods.
Investment Details
$7,800 rent a year.
$780 management fee.
$1,263 taxes.
$400 insurance.
= 17% net return.
This property is a Townhouse for sale.

Other Details:
Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 31,900.00 USD

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