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Townhouse for sale

£59,361

Michigan, Wayne County, Detroit, USA Property ID: 41698387

Property description

This three bedroom house is located on a very well kept street in Barton-McFarland, a
sought after right next to Aviation Sub. This is a quiet respectable area next to Dearborn
and has a great community feel.
This property consists of three large bedrooms, one bathroom, a lounge diner, a full
basement and a large rear garden with a detached garage. The house has tenants in
place paying $800 in rent each month.
Barton-McFarland is a great neighbourhood in Detroit. This area is next to Aviation Sub
and Dearborn which are viewed as two of the top areas in Detroit. Many residents of
Dearborn have re-located to Aviation Sub and Barton-McFarland due to its exclusive
appeal. The house is also just 5 miles from the University of Detroit.

Investment Calculations

Purchase price

$69,900

Gross annual rental income:

$9,600

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

$2,806

Net annual rental income:

$6,794

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

Return of investment

10%