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41698226 - Buy a House in USA, Michigan, Wayne County, City of Detroit

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Three bedroom house

Property Information

Type: House Property ID: 41698226
Location: City of Detroit, USA Added on: 18 Oct 2023
Price: £131,545

Short Description

This three bedroom house is amazing value at $154,900

Key Information

  • Property ID: 41698226
  • Location: City of Detroit
  • Property Type: House
  • Prices: £ 131,545 / € 150,272 / $ 154,900

Full 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 and a half bathrooms, a lounge diner, a
full basement and a large rear garden with a detached garage.. The house has section 8
tenants in place paying $1,400 per month, this rent is paid directly to the landlord by the
City of Detroit.
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
$154,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$4,126
Net annual rental income:
$12,674
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

8%

Break even in

12.5 Years.

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  • House
  • 3 bedrooms
  • USA
  • City of Detroit
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