This very nice large colonial four bedroom house is located on a very well kept street in The Bethune Community on the Westside of Detroit, the house is just eight minutes from the famous Grandmont Rosedale.. This property is in a nice street, and consists of four spacious bedrooms, one and a half bathrooms, a lounge diner, a full basement, a large rear garden and a detached garage.. There is a tenant in place paying $950 n rent each month. The current market rent for this property can reach up to $1,400 in rent each month. The house is under management with a great local Detroit property management company. This property is located in The Bethune Community on the desirable westside of Detroit, the house is less than 3 miles from Grandmont Rosedale. It is also close to The University district and Bagley, two of the best neighbourhoods in Detroit Investment Calculations Purchase price $77,900 Gross annual rental income: $11,400 Property running costs:(Tax, insurance and management costs) $2,986 Net annual rental income: $8,414 Investment calculation - Net Income divided by Purchase price = NET ROI. Return of investment 11% Break even in 9.09 Years. This property is a House for sale.
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