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41704793 - Buy a House in USA, Michigan, Wayne County, Detroit

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Four bedroom house

Property Information

Type: House Property ID: 41704793
Location: Detroit, USA Added on: 27 Jun 2024
Price: £80,591

Short Description

This four bedroom multi unit is a rare find at $94,900..

Key Information

  • Property ID: 41704793
  • Location: Detroit
  • Property Type: House
  • Prices: £ 80,591 / € 92,064 / $ 94,900

Full Description

This fantastic 2 apartment multi family home is located in Wade on the East side of Detroit just
4 miles from the Belair Mall which holds host to the largest cinemas in Detroit.
The property is split into two spacious two bedroom apartments. Both apartments have
tenants in place paying $850 in rent each month. The property also has available up to 70%
finance for non US residents, terms and conditions apply.
This house is located in Wade on the East side of Detroit. Wade is close to Harper Woods,
Eastpointe and the famous East English Village. This area has many great schools and lots of
local amenities. The house is just 1.7 Miles to Chandler Park, one of the largest golf courses in
Detroit. The house is also right next to the old Detroit city airport which is now the Coleman A
Young International airport, mainly used for business and military.

Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$9,876
Net annual rental income:
$10,524
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

31%

Break even in

3.22 Years.

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  • House
  • 4 bedrooms
  • USA
  • Detroit
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