Two Bedroom House (ref. 41701914) - Houses for Sale, Real Estate - Number of Bedrooms: 2, Number of Bathrooms: 1 - Wayne, Michigan, United States

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Two Bedroom House (ref. 41701914)
Date & Time Listed: 2024-03-11 12:31:39 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne

Ad Details:

This great 2 bedroom brick built single family home is located in Fiskhorn, a sought after
neighbourhood right next to Aviation Sub. This is a quiet respectable area just North of
Dearborn and has a great community feel
This property consists of two large bedrooms, one bathroom, a lounge diner, a full
basement and a large rear garden. The house has just been remodelled inside and now has
section 8 tenants in place paying $1,000 per month, this rent is paid directly to the landlord
by the City of Detroit.
Fiskhorn 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 relocated to Aviation Sub and Fiskhorn due to its exclusive appeal. The house is also just 10
minutes from Wayne County community college and the University of Detroit.
Investment Calculations
Purchase price
$71,900
Gross annual rental income:
$12,000
Property running costs:(Tax, insurance and management costs)
$3,146
Net annual rental income:
$8,854
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
13%
Break even in
7.69 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 2
Number of Bathrooms: 1

Price: 71,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1 Posted From: United States, Michigan, Wayne

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 2, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne