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Four Bedroom House (ref. 41698225)
Date & Time Listed: 2024-03-04 20:55:22 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne


Ad Details:

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.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 1

Price: 77,900.00 GBP




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