Cash Purchase Deal
| Annual Gross Rent | $21.600 |
|---|---|
| Management Fee | $2.160 |
| Property Tax | $1.779 |
| Insurance | $800 |
| Net Annual Income | $16.861 |
| Net Return on Investment (ROI) | %19 |
|---|---|
| Payback Period | 5.3 yrs |
Description
This fantastic large Single Family home is located in a very nice street in EvergreenOuter Drive, just a short walk to Wayne County Community College, one of the best
colleges in Detroit, Evergreen-Outer Drive is surrounded by some of the best
neighbourhoods in Detroit.
There are Four spacious bedrooms, two bathrooms, a full basement and a large garden.
The property will be renovated by Global Investments best contractors and will be
supplied rent ready to a Section 8 standard. The works will begin after the new owner
closes on the property. When complete the management company will place brand new
vetted tenants. The house should achieve $1,350 – $1,800 in rent each month based on
current Section 8 rates fpr this zip code. Included in the price is a 3 Month rental
guarantee to give the new owner an immediate income while the work takes place.
Details
Updated on October 15, 2026 at 3:27 pm- Price: $89,900
- Property Size: 1373 Sq Ft
- Bedrooms: 4
- Bathrooms: 2
- Property Type: Single Family
- Property Status: 19% Net Return
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