Cash Purchase Deal
| Annual Gross Rent | $15.600 |
|---|---|
| Management Fee | $1.560 |
| Property Tax | $767 |
| Insurance | $800 |
| Net Annual Income | $12.473 |
| Net Return on Investment (ROI) | %19 |
|---|---|
| Payback Period | 5.2 yrs |
Description
Located in Farwell on the Eastside of Detroit just 5 minutes from the Belair
Mall which holds host to the largest cinemas in Detroit. This area is
surrounded by great schools and colleges in Detroit and is just 3 miles to
Osborn High School.
The property has two bedrooms, one bathroom, a large lounge diner and a
full basement. The property has recently been updated and is rent ready
and available for new tenants. The management company will place brand
new tenants when the new owner closes on the property, the house shou;d
acheive $1,000 – $1,300 in rent each month with Section 8 housing.
Details
Updated on October 9, 2026 at 1:20 pm- Price: $64,900
- Property Size: 1105 Sq Ft
- Bedrooms: 2
- Bathroom: 1
- Property Type: Single Family
- Property Status: 19% Net Return
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