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.
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