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Four Bedroom House (ref. 41704792)
Date & Time Listed: 2024-07-01 10:16:04 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Michigan, Wayne


Ad Details:

This fantastic 2 apartment multi family home is located in Riverdale on the West side of
Detroit. This area is just north of Dearborn which is one of the best areas in Detroit.
The property is split into two spacious apartments. One apartment is a large one bedroom
apartment and the other a large three bedroom apartment. Both apartments have tenants in
place paying $850 in rent each month. The property also has available up to 70% finance for
non US residents, terms and conditions apply.
This house is located in Riverdale on the West side of Detroit. , one of the nicest suburbs in
Detroit. The area is just north of Dearborn and less than 3 miles to the centre of Rosedale Park
historic district. The house is also just 5 minutes to Wayne County community college and close
to Belmont and Redford, all of which are very desirable areas on the Westside of Detroit.
Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$9,876
Net annual rental income:
$10,524
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
31%
Break even in
3.22 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 94,900.00 USD




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