Three Bedroom House (ref. 41709211) - 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. 41709211)
Date & Time Listed: 2025-03-31 10:43:31 (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 in Krainz Woods on the Eastside of Detroit just 10
minutes from the Belair Mall which holds host to the largest cinemas in Detroit.
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 –
$1,800 in rent each month based on the current Section 8 rates.
This house is located in Krainz Woods a great area in Detroit with a proud community
feel, this area has great schools and lots of local amenities, it is right next to The
University district and is just 1 mile to John Pershing High School.
Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$4,011
Net annual rental income:
17,589
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: 3
Number of Bathrooms: 1

Price: 84,900.00 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