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House for sale

£77,900

Michigan, Wayne County, Detroit, USA Property ID: 41698225

Property description

This very nice large colonial four bedroom house is located on a very well kept street in
The Bethune Community on the Westside of Detroit, the house is just eight minutes
from the famous Grandmont Rosedale..
This property is in a nice street, and consists of four spacious bedrooms, one and a half
bathrooms, a lounge diner, a full basement, a large rear garden and a detached garage..
There is a tenant in place paying $950 n rent each month. The current market rent for
this property can reach up to $1,400 in rent each month. The house is under
management with a great local Detroit property management company.
This property is located in The Bethune Community on the desirable westside of Detroit,
the house is less than 3 miles from Grandmont Rosedale. It is also close to The
University district and Bagley, two of the best neighbourhoods in Detroit

Investment Calculations

Purchase price

$77,900

Gross annual rental income:

$11,400

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

$2,986

Net annual rental income:

$8,414

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

Return of investment

11%