Property for sale in Detroit - 29377828 - Advertised on propertyO by Global Investments Incorporated

Townhouse for sale

£27,033

Michigan, Wayne County, Detroit, USA Property ID: 29377828


Property description

This three bedroom brick house is located on a well kept street in David Trembly on the Eastside of Detroit. The property has been very well maintained by one of the leading Detroit property management companies. There are three large bedrooms, a very nice kitchen, a large rear garden and a detached garage.This property also comes tenant occupied, there are great tenants in place paying $700 a month.

This property is located in David Trombly which is a good family area in Detroit. It is right next to the famous East English Village and close to Grosse Pointe, Harper Woods and Eastpointe, which are some of the best areas in Detroit.

 

Investment Details

Purchase price: $35,900

Gross annual rental income: $8,400

Property running costs: $2,370
(Tax, insurance and management costs)

Net annual rental income: $6,030

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 17%

Contact Global Investments Incorporated about this property

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