Three Bedroom House (ref. 41704143) - 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. 41704143)
Date & Time Listed: 2024-06-03 10:18:52 (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 nice three bedroom house is located in Von Steuban on the Eastside of Detroit just
5 minutes from the Belair Mall which holds host to the largest cinemas in Detroit. This
area is surrounded by great schools and colleges in Detroit and is less than 1 mile and
walking distance to The Osborn High School.
This property consists of three bedrooms, one bathroom, a lounge diner, a full
basement and a large rear garden. The house has tenants in place paying $1,000 in rent
each month. The house is under management with a great local Detroit property
management company.
This house is located in Von Steuban a great area in Detroit with a proud community
feel, This area has great schools and lots of local amenities, it is near to The University
district and is walking distance to Osborn High School
Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$12,000
Property running costs:(Tax, insurance and management costs)
$3,060
Net annual rental income:
$8,940
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: 3
Number of Bathrooms: 1

Price: 69,900.00 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