Four Bedroom House (ref. 41697403) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 1 - Wayne, Michigan, United States

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Four Bedroom House (ref. 41697403)
Date & Time Listed: 2024-03-04 20:55:19 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne

Ad Details:

This large four bedroom colonial house is located on a very well kept street
in Harmony Village on the Eastside of Detroit, the house is within walking
distance to Renaissance High School.
This property consists of four large bedrooms, one and a half bathrooms, a
lounge diner, a full basement and a large rear garden. The house has just
refurbished to a Section 8 standard, new Section 8 tenants have just been
placed and the rent is $1,430 per month. This rent is paid directly by the
City of Detroit.
This house is located in Harmony Village, a great area in Detroit with a
proud community feel, this area has great schools and lots of local
amenities, it is close to The University district and Bagley, two of the best
neighbourhoods in Detroit and is also walking distance to Renaissance
High School.
Investment Calculations
Purchase price
$104,900
Gross annual rental income:
$17,160
Property running costs:(Tax, insurance and management costs)
$3,699
Net annual rental income:
$13,461
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
13%
Break even in
7.69 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 1

Price: 104,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1 Posted From: United States, Michigan, Wayne

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne