Three Bedroom House (ref. 41708864) - 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. 41708864)
Date & Time Listed: 2025-02-10 10:10:01 (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 very nice three bedroom house is located on a very well kept street in College Park on the
Westside of Detroit, the house is just one mile to Wayne County Community College, one of the
best colleges in Detroit, College park is surrounded by some of the best neighbourhoods in
Detroit.
This property consists of three large bedrooms, one bathroom, a lounge diner, a full basement and
a large rear garden. The house was recently updated and now has tenants in place paying $750 in
rent per month. Included in the price is a Sellers Rental Contribution of $6,000 which equates to
$500 for 12 months which gives the new owner the current market rent for the first year, This will
be credited to the buyer on closing. The seller has requested the tenants not to be disturbed,
internal pictures will be supplied with the inspection. All contracts are subject to a full
independent inspection.
This property is located in College Park, A very nice Community on the Westside of Detroit,
College Park is surrounded by some of the best suburbs in Detroit and is just 5 minutes North of
Rosedale Park Historic district. The house is also just 1 mile to Wayne County Community College.
Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$3,823
Net annual rental income:
$11,177
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
15%
Break even in
6.6 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 77,900.00 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