Three Bedroom House (ref. 41696823) - Houses for Sale, Real Estate - Number of Bedrooms: 3, Number of Bathrooms: 1 - Wayne, Michigan, United States

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Three Bedroom House (ref. 41696823)
Date & Time Listed: 2024-03-04 20:53:46 (GMT)

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

Ad Details:

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 nice street, and consists of three large bedrooms, one bathroom, a
lounge diner, a full basement, a large rear garden. The house has recently been
completely remodelled which includes all new floorings. There is a very well screened
tenant in place paying $1,095 in rent each month. The house is under management with
a great local Detroit property management company.
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 mile 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.
Investment Calculations
Purchase price
$65,900
Gross annual rental income:
$13,140
Property running costs:(Tax, insurance and management costs)
$2,870
Net annual rental income:
$10,270
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
16%
Break even in
6.25 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 65,900.00 USD

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

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