Four Bedroom House (ref. 41708468) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 2 - Wayne, Michigan, United States

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Four Bedroom House (ref. 41708468)
Date & Time Listed: 2025-01-13 10:07:34 (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 two apartment multi family home is located in Outer Drive-Hayes on the
Eastside of Detroit, the house is just 2 miles from the old Detroit city airport which is now the
Coleman A Young International airport, mainly used for business and military.
The property is split into two large two bedroom apartments. Both apartments will be
renovated by Global Investments best contractors and will be supplied rent ready to a
Section 8 standard. The works will begin after the new owner closes on the property. When
complete the management company will place brand new vetted tenants. Each apartment
should achieve $1,000 – $1,350 in rent each month.
This house is located in Wade on the East side of Detroit. Wade is close to Harper Woods,
Eastpointe and the famous East English Village. This area has many great schools and lots of
local amenities. The house is just 1.7 Miles to Chandler Park, one of the largest golf courses
in Detroit.
Investment Calculations
Purchase price
$129,900
Gross annual rental income:
$32,400
Property running costs:(Tax, insurance and management costs)
$5,461
Net annual rental income:
$26,939
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 129,900.00 USD

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

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