Detroit – $35,900

Net Return – 18%

Detroit – $35,900 Array, Array



This very large two bedroom house is located in Evergreen on the Westside of Detroit, just north of Rosedale Park and close to Brightmoor. This property offers great value for money as it was recently updated and is Section 8 approved and tenanted. It has two large bedrooms, a finished basement with a bar and a large rear garden. There is a new Section 8 tenant in place paying $750 rent a month. The rent for this property is paid by the US Government.This property is managed by one of the leading Detroit property management companies.

This property is located on a very well kept street in Evergreen, just 2.5 miles from the famous Grandmont Rosedale. This area is also close to Rosedale Park, Brightmoor and Belmont. Evergreen is a great area with many good schools and good local facilities, this property is perfectly located for long term renting.

Property Details

• Two bedrooms.

• Basement.

• 970 sqft built.

• 5,184 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: $35,900

Gross annual rental income: $9,000

Property running costs: $2,619
(Tax, insurance and management costs)

Net annual rental income: $6,381

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%

Break even in 5.5 Years


Price: $35,900

Net Return: 18%

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