Four Bedroom House (ref. 41709985) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 1 - Wayne, Michigan, United States

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Four Bedroom House (ref. 41709985)
Date & Time Listed: 2025-06-19 17:55:02 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne

Ad Details:

This lovely four bedroom house is located in Pulaski on the Eastside of Detroit just 5 minutes
from the Belair Mall which holds host to the largest cinemas in Detroit. This area is
surrounded by great schools and colleges in Detroit and is less than 1 mile and walking
distance to The Osborn High School.
This property consists of four large bedrooms, one bathroom, a lounge diner, a full basement
and a large rear 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 $1,350 – $1,800 in rent each month based on
current Section 8 rates.
This house is located in Pulaski a great area in Detroit with a proud community feel, This area
has great schools and lots of local amenities, it is near to The University district and is walking
distance to Osborn High School
Investment Calculations
Purchase price
$89,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$4,267
Net annual rental income:
$17,333
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: 4
Number of Bathrooms: 1

Price: 89,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1 Posted From: United States, Michigan, Wayne

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne