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Three Bedroom House (ref. 41698387)
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 bathroom, a lounge diner, a full
basement and a large rear garden with a detached garage. The house has tenants in
place paying $800 in rent each month.
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
$69,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$2,806
Net annual rental income:
$6,794
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
10%
Break even in
10 Years.
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 69,900.00 USD




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