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Property Sales - 41709211 - House in USA, Michigan, Wayne County, Detroit

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Three bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41709211
Detroit, USA
27 Mar 2025
£ 72,099 / € 82,363 / $ 84,900

Short Description

This three bedroom house is a rare find at $84,900..

Key Information

  • Property ID: 41709211
  • Location: Detroit
  • Property Type: House
  • Prices: £ 72,099 / € 82,363 / $ 84,900

Full Description

This three bedroom house is located in Krainz Woods on the Eastside of Detroit just 10
minutes from the Belair Mall which holds host to the largest cinemas in Detroit.
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 $1,250 –
$1,800 in rent each month based on the current Section 8 rates.
This house is located in Krainz Woods 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 The
University district and is just 1 mile to John Pershing High School.

Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$4,011
Net annual rental income:
17,589
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

21%

Break even in

4.76 Years.

Contact the Advertiser

Property Alerts

  • House
  • 3 bedrooms
  • USA
  • Detroit
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