Property for sale in Detroit - 41699911 - Advertised on propertyO by Global Investments Incorporated
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House for sale

£80,591

Michigan, Wayne County, Detroit, USA Property ID: 41699911


Property description

This fantastic large four bedroom house is located on a very well kept street right on the
boarder of Barton-McFarland, a sought after right next to Aviation Sub. This is a quiet
respectable area next to Dearborn and has a great community feel.
This property was originally a 2 apartment multi family home consisting of two spacious
two bedroom, one bathroom units. The property has just Been remodelled and
converted into a large four bedroom single family home. A brand new well vetted
tenant is due to move into the property on January 1st paying $1,350 in rent each
month.
Barton-McFarland is a great neighbourhood in Detroit. This area is next to Aviation Sub
and Dearborn which are viewed as two of the top areas in Detroit. Many residents of
Dearborn have re-located to Aviation Sub and Barton-McFarland due to its exclusive
appeal. The house is also just 4 miles from the University of Detroit.

Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$16,200
Property running costs:(Tax, insurance and management costs)
$3,055
Net annual rental income:
$13,145
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

14%

Break even in

7.14 Years.

Contact Global Investments Incorporated about this property

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