Three Bedroom House (ref. 41699231) - 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. 41699231)
Date & Time Listed: 2024-03-04 20:56:45 (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 fantastic brick built Colonial three bedroom house is located on the boarder of
Bagley on the West side of Detroit. The University district and Bagley are two of the best
neighbourhoods in Detroit. The house is just 3 miles from The University of Detroit
Mercy.
The property is in great condition and has three large bedrooms, one bathroom, a large
lounge diner, a full partially finished basement and a large garden. The house has been
completely refurbished including an updated kitchen and bathroom. The house is now
rental ready and the management company will place brand new tenants when the new
owner closes on the property. The house should acheive $2,000 in rent each month.
This house is located on the boarder of Bagley, one of the nicest suburbs in Detroit.
Bagley is right next to the University district and has an abundance of extremely valuable
properties. Only 30% of properties in Bagley are rented, most are privately owned so
rentals in this area are very highly sought after.
Investment Calculations
Purchase price
$174,900
Gross annual rental income:
$24,900
Property running costs:(Tax, insurance and management costs)
$4,980
Net annual rental income:
$19,020
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: 174,900.00 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