Four Bedroom House (ref. 41704793) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 2 - Wayne, Michigan, United States

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Four Bedroom House (ref. 41704793)
Date & Time Listed: 2024-07-01 10:16:04 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Michigan, Wayne

Ad Details:

This fantastic 2 apartment multi family home is located in Wade on the East side of Detroit just
4 miles from the Belair Mall which holds host to the largest cinemas in Detroit.
The property is split into two spacious two bedroom apartments. Both apartments have
tenants in place paying $850 in rent each month. The property also has available up to 70%
finance for non US residents, terms and conditions apply.
This house is located in Wade on the East side of Detroit. Wade is close to Harper Woods,
Eastpointe and the famous East English Village. This area has many great schools and lots of
local amenities. The house is just 1.7 Miles to Chandler Park, one of the largest golf courses in
Detroit. The house is also right next to the old Detroit city airport which is now the Coleman A
Young International airport, mainly used for business and military.
Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$9,876
Net annual rental income:
$10,524
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
31%
Break even in
3.22 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 94,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2 Posted From: United States, Michigan, Wayne

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Michigan, Wayne