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41700263 - Buy a House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Type: House Property ID: 41700263
Location: Detroit, USA Added on: 12 Jan 2024
Price: £67,004

Short Description

This three bedroom is amazing value at $78,900

Key Information

  • Property ID: 41700263
  • Location: Detroit
  • Property Type: House
  • Prices: £ 67,004 / € 76,542 / $ 78,900

Full Description

This three bedroom house is located in Pulaski on the Eastside of Detroit just 5 minutes
from the Belair Mall which holds host to the largest cinemas in Detroit. This area is
surrounded by great schools and colleges in Detroit and is less than 1 mile and walking
distance to The Osborn 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 tenants in place paying $900 in rent
each month. The house is under management with a great local Detroit property
management company.
This house is located in Pulaski a great area in Detroit with a proud community feel, This
area has great schools and lots of local amenities, it is near to The University district and
is walking distance to Osborn High School

Investment Calculations
Purchase price
$78,900
Gross annual rental income:
$10,800
Property running costs:(Tax, insurance and management costs)
$2,369
Net annual rental income:
$8,431
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

11%

Break even in

9.09 Years.

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  • House
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  • USA
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