This large three bedroom house is located on a very well kept street in Denby on the Eastside of Detroit, the house is only two streets away from Wayne Elementary School and five minutes from Denby High School. This property is in a great condition and has three large bedrooms, a large basement and a large rear garden. This property has tenants in place paying $800 rent a month. This house is under management by one of the leading Detroit property management companies.
This house is located in Denby 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 East English Village and Morningside.
• Three bedrooms.
• Full basement.
• 1,330 sqft built.
• 3,920 sqft lot.
• Fully managed.
• Local staff.
Purchase price: $41,900
Gross annual rental income: $9,600
Property running costs: $2,163 (Tax, insurance and management costs)
Net annual rental income: $7,437
Investment calculation - Net Income divided by Purchase price = NET ROI.