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House for sale

£66,155

Michigan, Wayne County, Detroit, USA Property ID: 41697852

Property description

This very nice two bedroom house is located on a very well kept street in College Park on the
Westside of Detroit, the house is just a short walk to Wayne County Community College, one
of the best colleges in Detroit, Evergreen – Outer Drive is surrounded by some of the best
neighbourhoods in Detroit.
This property consists of two large bedrooms, one bathroom, a lounge diner, a full basement
and a large rear garden. The house has tenants in place paying $800 in rent per month. The
property is under management with a great local Detroit property management company.
This propetry is located in College Park, A very nice Community on the Westside of Detroit,
ECollege 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 a short walk to Wayne County
Community College.

Investment Calculations

Purchase price

$77,900

Gross annual rental income:

$9,600

Property running costs:(Tax, insurance and management costs)

$2,960

Net annual rental income:

$6,640

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

Break even in