Detroit, Wayne County, Michigan, USA
- PROPERTY TYPE
Detached
- BEDROOMS
3
- BATHROOMS
1
- SIZE
1,088 sq ft
101 sq m
Key features
- Three bedrooms
- Tenanted
- Fully managed
- Local staff
- Garden
- Great location
- Good condition
Description
Yorkshire Woods on the Eastside of Detroit, the house is only 1 mile and three minutes
from Denby High School.
This property consists of three large bedrooms, one and a half bathrooms, a lounge
diner, a full basement and a large rear garden with a detached garage. The property has
recently been updated and made rental ready. The management company will place
brand new tenants when the new owner closes on the property. The house should
achieve $1,300 - $1,500 in rent each month.
This house is located in Yorkshire Woods a great area in Detroit with a proud community
feel, this area has great schools and lots of local amenities, it is right next to Denby and
Cornerstone Village. The property is just 1 mile and 3 minutes from Denby High School
one of the best schools in Detroit.
Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$18,900
Property running costs:
(Tax, insurance and management costs)
$10,452
Net annual rental income:
$8,448
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
24%
Break even in
4.16 Years
Let GLOBAL help you with your real estate Investments. We are here to help you build your real estate portfolios, and can customise a purchase plan for your wealth building future! Global Investments provides our clients with excellent strategies for real estate investing, home ownership and wealth building. Understanding the market is the key to success. The market has changed so vastly in the past two years, it takes knowledge to navigate the current local markets and get the best deals.
For the real estate investor, this is the time to take advantage of the market, build portfolios, and create passive real estate income, all leading to future wealth. It can be difficult for new real estate investors to learn to navigate around all of the areas we sell in. Online public information directories, website listing companies etc, all can be very daunting, that is what we are here for.
We specialise in selling single family and multi tenanted homes in all States in the US. We have exclusive agreements with the biggest Asset Management Companies and Banks in the US bringing you the best investments at the best prices with no hidden gimmicks.
Just straight talking advice.
We pride ourselves on the level of service that we give before and after the sale, giving you a 24/7 hands on service which is unrivalled in the industry.
Our biggest business is repeat business and referral.
What we offer?
1.US and Uk offices.
2. Highest ROI in the marketplace
3. On the ground management.
4. Professionally managed by our US staff.
5. Safe and secure locations.
6. Renovation team on the ground.
7. Investment renovation packages
8. 24/7 after sales on hand every day.
9. Award winning Brokers
10. 5 star reviews.
11. Bulk purchases
12. LLC set up.
13. Home Warranty.
14. Landlord Insurance
If you're looking for great properties to purchase with excellent on-the-ground local property management then check out our current inventory, and contact us with any questions ?
Welcome to Global "We are always here to help."
Global Investments " The straight talking property company. "
Detroit, Wayne County, Michigan, USA
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Distances are straight line measurements- Detroit(International)15.7 miles
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Notes
This is a property advertisement provided and maintained by Global Investments USA, Manchester (reference jhtrsdckoilhbn) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.