Three bedroom house
3 bed Townhouse for sale Michigan - USA
$36,900 | £26,525 | €30,063
This three bedroom house is located on the Westside of Detroit in Warrendale, very close to two major Universities. This property is in a good condition and has three large bedrooms, a large basement and a large rear garden. This property has new tenants in place paying $750 rent a month. This house is under management by one of the leading Detroit property management companies.
This property is located Warrendale right next to Dearborn on the Westside of Detroit. Less than five minutes away you have the University of Michigan Dearborn and the Henry Ford College of Dearborn. The Fairlane Town Centre which is one of the biggest malls in Detroit is only a few blocks away. This property is perfectly located for long term renting.
Purchase price: $36,900
Gross annual rental income: $9,000
Property running costs: $2,568
(Tax, insurance and management costs)
Net annual rental income: $6,432
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%