Three Bedroom House (ref. 41708125) - 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. 41708125)
Date & Time Listed: 2024-12-09 10:08:27 (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 half a 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 property will be renovated by Global Investments best
contractors and will be supplied rent ready to a Section 8 standard, The works will begin
when the new owner closes on the property. The management company will then place
brand new vetted tenants. The house should achieve $1,100 – $1,500 in rent each month
with Section 8 housing.
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
$79,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,411
Net annual rental income:
$14,589
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
19%
Break even in
5.26 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 79,900.00 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