Three Bedroom House (ref. 41697108) - 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. 41697108)
Date & Time Listed: 2024-03-04 20:53:48 (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 on a very well kept street in
Evergreen – Outer Drive on the Westside of Detroit, the house is just a short walk to
Wayne County Community College, one of the best colleges in Detroit, Evergreen –
Outer Drive is surrounded by some of the best neighbourhoods in Detroit.
This property has three large bedrooms, one bathroom, a large basement, and a
large rear garden. The house has a tenant in place paying $925 in rent each month.
The seller has asked not to disturb the tenants so interior picture will be supplied on
inspection prior to contract. The current market rent for this property is closer to
$1,200 each month.
This propetry is located in Evergreen – Outer Drive, A very nice Community on the
Westside of Detroit, Evergreen – Outer Drive is surrounded by some of the best
suburbs in Detroit and is just 5 minutes North of Rosedale Park Historic district. The
house is also just a short walk to Wayne County Community College.
Investment Calculations
Purchase price
$89,900
Gross annual rental income:
$11,100
Property running costs:(Tax, insurance and management costs)
3,196
Net annual rental income:
7,904
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
9%
Break even in
11,1 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 89,900.00 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