Three Bedroom House (ref. 41699727) - Houses for Sale, Real Estate - Number of Bedrooms: 3, Number of Bathrooms: 2 - Wayne, Michigan, United States

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Three Bedroom House (ref. 41699727)
Date & Time Listed: 2024-03-04 20:58:23 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2
Posted From: United States, Michigan, Wayne

Ad Details:

This three bedroom house is located on a very well kept street in Mapleridge on the
Eastside of Detroit, the house is only half a mile and just a short walk from Denby High
School
This property consists of three large bedrooms, Two 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 $1,100 per month, this rent is paid directly to the landlord by the
City of Detroit.
This house is located in Mapleridge a great area in Detroit with a proud community feel,
this area has great schools and lots of local amenities, it is right next to East English Village
and Morningside. The property is just 0.3 miles and walking distance from Denby High
School one of the best schools in Detroit.
Investment Calculations
Purchase price
$71,900
Gross annual rental income:
$13,200
Property running costs:(Tax, insurance and management costs)
$3,178
Net annual rental income:
$10,022
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
14%
Break even in
7.14 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 2

Price: 71,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2 Posted From: United States, Michigan, Wayne

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2
Posted From: United States, Michigan, Wayne