Cash Purchase Deal
| Annual Gross Rent | $14.400 |
|---|---|
| Management Fee | $1.440 |
| Property Tax | $1.126 |
| Insurance | $800 |
| Net Annual Income | $11.034 |
| Net Return on Investment (ROI) | %14 |
|---|---|
| Payback Period | 7.1 yrs |
Description
This fantastic two bedroom house is located on a very well kept street in
Eight Mile Wyoming on the West side of Detroit, the house is just three
miles to The University of Detroit Mercy.
The property has two bedrooms, one bathroom, a large lounge diner and a
full basement. The property has Section 8 tenants in place paying $1,200 in
rent each month. The tenants are Section 8 housing so the rent is paid
direct to the landlord via the City. The house is under management with a
great local Detroit property management company.
Details
Updated on September 14, 2026 at 8:49 pm- Price: $77,900
- Property Size: 1028 Sq Ft
- Bedrooms: 2
- Bathroom: 1
- Property Type: Single Family
- Property Status: 14% Net Return
Mortgage Calculator
Monthly
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
