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.
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