Three Bedroom House (ref. 41703796) - Houses for Sale, Real Estate - Number of Bedrooms: 3, Number of Bathrooms: 1 - Wayne, Michigan, United States

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Three Bedroom House (ref. 41703796)
Date & Time Listed: 2024-05-27 10:25:15 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne

Ad Details:

This very nice three bedroom house is located on a very well kept street in Moross-Morang
on the Eastside of Detroit, the house is only 1.6 miles and four minutes from Denby 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 $800 in rent each
month and is under management with a great local Detroit property management company.
The market rent with Section 8 housing is currently $1,350
This house is located in Moross-Morang a great area in Detroit with a proud community feel,
this area has great schools and lots of local amenities, it is right next to Denby, Yorkshire
Woods, Harper Woods and Cornerstone Village. Properties in Harper Woods have increased
dramatically over the last few years and is now beginning to influence pricing within the
bordering areas. With rents almost equivalent to Harper Woods, this is a great opportunity
to pick up a solid property with great capital appreciation potential in the coming years
Investment Calculations
Purchase price
$78,900
Gross annual rental income:
$9,600
Property running costs:(Tax, insurance and management costs)
$2,291
Net annual rental income:
$7,309
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
10%
Break even in
10 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 78,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 1 Posted From: United States, Michigan, Wayne

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne