Three bedroom house

Full Description

This large three bedroom house is on a very nice well kept street in Detroit, all of the houses on this street are in a great condition. This property is Section 8 approved and Section 8 tenanted, the tenants are excellent and they are paying $775 a month, the rent is paid by the US Government. This is a great rental property and is under management by one of the leading Detroit property management companies.This property is very well located, the area is called Regents Park and is close to Eastpointe which is a highly sought after area. It is also close to East English Village, Harper Woods and Grosse Pointe Woods.

 

Investment Details

 

$9,300 rent a year.
$930 management fee.
$1,780 taxes.
$500 insurance.
= 19% net return.

Key Information

Property ID: 24542965
Price: £25,242
Property Type: Townhouse
Categories:

  • Residential Property
  • House

This large three bedroom brick house is a rare find at $32,900 and also tenanted.