Three Bedroom House (ref. 41696827) - 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. 41696827)
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 fantastic ranch style three bedroom house is located on a very well kept
street on the Westside of Detroit in Five Points the house is also just 1.7 miles
from Redford Union High School. It is also only two miles from the affluent areas
of Old Redford and Rosedale Park where you will find some of Detroits most
prime real estate.
The house was recently updated and there are new Section 8 tenants in place
paying $1,200 each month, the rent is paid by the City of Detroit. This property
is managed by a great local property management company.
This property is very well located on the Westside of Detroit, the area is called
Five Points which is just north of the Eye and Dearborn and is only a 1.7 miles to
The Redford Union High School. The area is a very nice safe family orientated
suburb. 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
$84,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$3,080
Net annual rental income:
$11,320
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
14%
Break even in
7.14 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 84,900.00 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