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Three Bedroom House (ref. 41708831)
Date & Time Listed: 2025-02-03 10:21:53 (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 three bedroom house is located on a very well kept street in Grand River, a sought
after area just North of Aviation Sub. This is a quiet respectable area near to Dearborn
that has a great community feel.
This property consists of three spacious bedrooms, one bathroom, a lounge diner, a full
basement and a large garden. The house 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. When complete the management
company will place brand new vetted tenants. The house should achieve $1,250 –
$1,700 in rent each month based on the current Section 8 rates.
Grand River is a great neighbourhood in Detroit. This area is next to Aviation Sub and
Dearborn which are viewed as two of the top areas in Detroit. Many residents of
Dearborn have re-located to Aviation Sub and Barton-McFarland due to its exclusive
appeal. The house is also just 3.7 miles from the University of Detroit.
Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$4,063
Net annual rental income:
$16,337
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
20%
Break even in
5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 81,900.00 USD




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