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Property Sales - 41708941 - House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41708941
Detroit, USA
16 Feb 2025
£ 80,591 / € 92,064 / $ 94,900

Short Description

This three bedroom house is a rare find at $94,900..

Key Information

  • Property ID: 41708941
  • Location: Detroit
  • Property Type: House
  • Prices: £ 80,591 / € 92,064 / $ 94,900

Full Description

This very nice three bedroom house is located on a very well kept street in Farwell on
the Eastside of Detroit. The house is just 1 mile from John J Pershing High School.
This property consists of three spacious bedrooms, one bathroom, a lounge diner, a full
basement and a large garden. The house will be renovated by Global Investments best
contractors and will be supplied rent ready to a Section 8 standard. The works will begin
when the new owner closes on the property. When complete the management
company will place brand new vetted tenants. The house should achieve $1,350 –
$1,700 in rent each month based on the current Section 8 rates.
This house is located in farwell, a great area in Detroit with a proud community feel, this
area has great schools and lots of local amenities. The house is just a shot walk Farwell
Park, a 90-acre park whcih features multiple sports fields, basketball courts, tennis
courts, playground, fitness equipment, and a park shelter.

Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$3,919
Net annual rental income:
$16,481
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • Detroit
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