Three Bedroom House (ref. 41698226) - 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. 41698226)
Date & Time Listed: 2024-03-04 20:55:22 (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 three bedroom house is located on a very well kept street in Barton-McFarland, a
sought after right next to Aviation Sub. This is a quiet respectable area next to Dearborn
and has a great community feel.
This property consists of three large bedrooms, one and a half bathrooms, a lounge diner, a
full basement and a large rear garden with a detached garage.. The house has section 8
tenants in place paying $1,400 per month, this rent is paid directly to the landlord by the
City of Detroit.
Barton-McFarland is a great neighbourhood in Detroit. This area is next to Aviation Sub and
Dearborn which are viewed as two of the top areas in Detroit. Many residents of Dearborn
have re-located to Aviation Sub and Barton-McFarland due to its exclusive appeal. The
house is also just 5 miles from the University of Detroit.
Investment Calculations
Purchase price
$154,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$4,126
Net annual rental income:
$12,674
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
8%
Break even in
12.5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 154,900.00 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