Property for sale in Detroit - 41706427 - Advertised on propertyO by Global Investments Incorporated

House for sale

£80,591

Michigan, Wayne County, Detroit, USA Property ID: 41706427


Property description

This large three bedroom colonial house is located on a very well kept street in Harmony
Village on the Eastside of Detroit, the house is within walking distance to Renaissance High
School.
This property consists of three large bedrooms, one bathroom, a lounge diner, a full
basement and a large rear garden. The house has just refurbished to a Section 8 standard,
new Section 8 tenants will be placed by the management company after the new owner
closes on the property. The hoiuse should achieve $1,100 – $1,350 in rent each month with
Section 8 housing.
This house is located in Harmony Village, a great area in Detroit with a proud community feel,
this area has great schools and lots of local amenities, it is close to The University district and
Bagley, two of the best neighbourhoods in Detroit and is also walking distance to Renaissance
High School.

Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$16,200
Property running costs:(Tax, insurance and management costs)
$9,756
Net annual rental income:
$6,444
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

19%

Break even in

5.26 Years.

Contact Global Investments Incorporated about this property

Enter details
  1. Keep me updated with similar properties
  2. CAPTCHA

Similar properties for sale nearby

50+ more properties in Detroit

© www.propertyo.com All Rights Reserved.24 Jacks Place, Shoreditch, London, E1 6NN.
Terms & Conditions | Privacy Policy