Cash Purchase Deal
| Annual Gross Rent | $13.200 |
|---|---|
| Management Fee | $1.320 |
| Property Tax | $1.348 |
| Insurance | $800 |
| Net Annual Income | $9.732 |
| Net Return on Investment (ROI) | %11 |
|---|---|
| Payback Period | 9.2 yrs |
Description
This fantastic brick built three bedroom house is located on a very well kept street in
Schaefer Lodge on the North West of Detroit, the house is just 3 Miles to Wayne County
Community College, one of the best colleges in Detroit, Schaefer Lodge is surrounded by
some of the best neighbourhoods in Detroit.
The property has three spacious bedrooms, one bathroom, a large lounge diner and a full
basement. The property has tenants in place paying $1,100 in rent each month. The current
market rent for this property in this location with Section 8 housing is $1,200 – $1,500 each
month. The house is under management with a great local Detroit property management
company. This house sold last year for $150,000 and is priced for a quick sale.
This property is located in Schaefer Lodge, A very nice Community on the North West of
Detroit, the property is surrounded by some of the best suburbs in Detroit and is just 5
minutes North of Rosedale Park Historic district. The house is also just 3 Miles to Wayne
County Community College.
Details
Updated on June 29, 2026 at 1:16 pm- Price: $89,900
- Property Size: 951 Sq Ft
- Bedrooms: 3
- Bathroom: 1
- Property Type: Single Family
- Property Status: 11% Net Return
Address
Open on Google Maps- City Detroit
- State/county Michigan
- Zip/Postal Code MI 48235
- Country USA
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