Cash Purchase Deal
| Annual Gross Rent | $12.000 |
|---|---|
| Management Fee | $1.200 |
| Property Tax | $1.482 |
| Insurance | $800 |
| Net Annual Income | $8.518 |
| Net Return on Investment (ROI) | %10 |
|---|---|
| Payback Period | 9.6 yrs |
Description
This fantastic brick built three bedroom house is Located on a very well kept
street in Greenfield on the Westside of Detroit, the house is just 1.5 Miles to
Wayne County Community College, one of the best colleges 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 $1,000 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. The seller has requested the
tenants not to be disturbed, internal pictures will be supplied with the inspection.
All contracts are subject to a full independent inspection.
Details
Updated on September 29, 2026 at 7:30 pm- Price: $81,900
- Property Size: 815 Sq Ft
- Bedrooms: 3
- Bathroom: 1
- Property Type: Single Family
- Property Status: 11% Net Return
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