This three bedroom house is located on a very street in Osborn on the Eastside of Detroit, just a few streets away from Eastpointe. The property is currently being made rental ready including new carpets and paint, new tenants are being placed in two weeks time, before you close on the property. There are three large bedrooms, a converted attic, a full basement and a detached garage. This property is currently under management by one of the leading Detroit property management companies.
This property is located in Osborn, which is just east of Pulaski and close to Coleman Young International Airport. This area had a good community feel and had good schools and a lot of local amenities, it is also close to Eastpointe, East English Village and Harper Woods.
• Three bedrooms.
• Full basement.
• 789 sqft built.
• 4,008 sqft lot.
• Fully managed.
• Local staff.
Purchase price: $35,900
Gross annual rental income: $9,000
Property running costs: $2,316 (Tax, insurance and management costs)
Net annual rental income: $6,864
Investment calculation - Net Income divided by Purchase price = NET ROI.