Three Bedroom House (ref. 41709454) - 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. 41709454)
Date & Time Listed: 2025-05-08 10:08:30 (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 on the Eastside of
Detroit in Regents Park, right next to Harper Woods, the house is also only 3 miles from Harper
Woods High School
This property consists of three large bedrooms, one bathrooms, a lounge diner, a full basement
and a large 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 after 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.
This house is very well located on the East side of Detroit. The property is in Regents Park
bordering on Harper Woods. Properties in Harper Woods have increased dramatically over the
last few years and is now beginning to influence pricing within the bordering areas. With rents
almost equivalent to Harper Woods, this is a great opportunity to pick up a solid property with
great capital appreciation potential in the coming years.
Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$4,306
Net annual rental income:
$16,094
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: 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