Three Bedroom House (ref. 41697850) - 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. 41697850)
Date & Time Listed: 2024-03-04 20:55:20 (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 the We Care Community
on the Westside of Detroit just 1 mile from the Grandale and also less than 2 miles from The Aviation
Hub one of the best neighbourhoods in Detroit.
This property consists of three large bedrooms, one bathroom, 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 $1,100 per month. This rent is paid directly by the City of
Detroit.
This property is located in the We Care Community right next to Grandale and is less than 2 miles to
the Aviation Hub. Aviation Sub is seen as one of the best neighbourhoods in Detroit, it was one of
the first exclusive subdivisions built outside the city of Detroit. This area is next to Dearborn which is
also viewed as one of the top areas in Detroit. Many residents of Dearborn have re-located to
Aviation Sub due to its exclusive appeal.
Investment Calculations
Purchase price
$78,900
Gross annual rental income:
$13,200
Property running costs:(Tax, insurance and management costs)
$3,220
Net annual rental income:
$9,980
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: 3
Number of Bathrooms: 1

Price: 78,900.00 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