Welcome to Kugli.com!
New to Kugli.com?
* Create Member Account!
Already a Member?
* North Delhi
* Gautam Buddha Nagar
* United States
* Los Angeles
* New York
* New York City
* Makati City
* Pasig City
* Cebu City
* Quezon City
* Taguig City
* Mandaluyong City
* Kuwait City
* Al Ahmadi
* Abu Halifa
Three Bedroom House (ref. 41573233)
Date & Time Listed: 2023-08-31 09:59:09 (GMT)
This very nice three bedroom house is located in The Eye on the Westside of Detroit, this area is just north of Dearborn which is one of the best areas in Detroit. This property is in a beautiful street, and consists of three large bedrooms, one bathroom, a lounge diner, a full basement, a large rear garden with a detached double garage. The house has long term Section 8 tenants in place paying $900 in rent each month. There is currently an application in process with CHMA to increase the rent to $1,050 Should the request be granted the rent will increase from an already good 16% to a very favourable 19% ROI
This property is very well located on the Westside of Detroit, the area is called The Eye which is just north of Dearborn and only a short walk to The Redford Union High School. The area is a very nice safe family orientated suburb, in fact the name “ The Eye “ was given to the community-organised watch group that formed in the 1980s to patrol the area day and night to keep it safe. It is also close to Rosedale Park, Belmont and Redford, all of which are very desirable areas on the Westside of Detroit.
Purchase price: 52,900
Gross annual rental income: $10,800
Property running costs: $2,356
(Tax, insurance and management costs)
Net annual rental income: $8,444
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 16%
Break even in 6.25 Years
This property is a Townhouse for sale.
Number of Bedrooms: 3
Number of Bathrooms: 1
Price: 52,900.00 USD
More Ads Posted by Member
Contact Ad Poster by E-Mail
* Deal Locally with persons you can meet face to face - this is the most important tip!
* Avoid Sending Funds with Western Union, Moneygram or and other similar service
* Kugli.com is not an Escrow service, we are not involved in any transaction between our members.
* Wayne - Real Estate Classified Ads
* Michigan, United States - Real Estate Classified Ads
* United States - Real Estate Classified Ads
* Wayne - Houses for Sale Classified Ads
* Michigan, United States - Houses for Sale Classified Ads
* United States - Houses for Sale Classified Ads