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This fantastic four bedroom house is located in on the Westside of Detroit just north of Dearborn which is one of the best areas in Detroit. There are four bedrooms, one bathroom, a full basement and a nice garden. The property has just been completely refurbished inside to a very high Section 8 standard. A brand new Section 8 tenant will be placed before the new owner closes on the property paying $1,350 in rent each month. The rent is paid direct to the owner via the City of Detroit making this a great turn key investment in a location where property prices are steadily increasing year after year. This is a fantastic rental property and is under management by a local property management company.
This property is very well located on the Westside of Detroit, the area is is just north of Dearborn and only 7 miles and just a twelve minute drive to the centre of Downtown Detroit. It is also close to Aviation Hub and Grandmont Rosedale all of which are very desirable areas on the Westside of Detroit.
Investment Calculation
Purchase price: 75,900
Gross annual rental income: $16,200
Property running costs: $2,759
(Tax, insurance and management costs)
Net annual rental income: $13,441
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years
This property is a Townhouse for sale.

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