Three Bedroom House In Detroit (ref. 41698388) - Houses for Sale, Real Estate - Number of Bedrooms: 3, Number of Bathrooms: 1 - Wayne, Michigan, United States

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Three Bedroom House In Detroit (ref. 41698388)
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 very nice three bedroom house is located on a very well kept street in College Park on
the Westside of Detroit, the house is just one mile to Wayne County Community College, one
of the best colleges in Detroit, College park is surrounded by some 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 was recently updated and now has tenants in
place paying $850 in rent per month. The property is under management with a great local
Detroit property management company.
This property is located in College Park, A very nice Community on the Westside of Detroit,
College Park is surrounded by some of the best suburbs in Detroit and is just 5 minutes North
of Rosedale Park Historic district. The house is also just 1 mile to Wayne County Community
College.
Investment Calculations
Purchase price
$73,900
Gross annual rental income:
$10,200
Property running costs:(Tax, insurance and management costs)
$2,910
Net annual rental income:
$7,290
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
10%
Break even in
10 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 73,900.00 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