Detroit – $41,900

Net Return – 18%

Detroit – $41,900 Array, Array



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.

Property Details

• Three bedrooms.

• Full basement.

• 1,330 sqft built.

• 3,920 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

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.

Return on investment: 18%

Break even in 5.5 Years


Price: $41,900

Net Return: 18%

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