Detroit – $43,900

Net Return – 17%

Detroit – $43,900 Array, Array



This large three bedroom house is located in Littlefield on the Westside of Detroit just 1.7 miles from the famous Marygrove College. This area is surrounded by some of the best schools and colleges in Detroit, the University District is just over three miles away. This property is in a great condition and was only recently updated before the current tenant moved into the property, the new tenants are paying $850 rent a month.This house is under management by one of the leading Detroit property management companies.

This property is very well located, the area is called Littlefield,there are many schools and colleges in the local area including Margrove College one of the biggest colleges in Detroit. It is also only a few miles from the famous University District and close to Grandmont Rosedale.

Property Details

• Three bedrooms.

• Full basement.

• 1,384 sqft built.

• 3,920 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: $43,900

Gross annual rental income: $10,200

Property running costs: $3,040
(Tax, insurance and management costs)

Net annual rental income: $7,160

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

Return on investment: 17%

Break even in 5.8 Years


Price: $43,900

Net Return: 17%

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