This large three bedroom colonial house is located on a very well kept street in Fitzgerald on the West side of Detroit, the house is less than a mile and walking distance to Marygrove College. The property already has tenants in place keeping in great condition paying $850 in rent each month. The property has three large bedrooms, one bathroom, a large basement and a large rear garden with a detached garage. Also the property will be delivered city inspected and certified within four weeks of the new owners closing on the property. This is a fantastic rental property and is under management by a local property management company.
This house is located in Fitzgerald 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 The University district and is walking distance to The Marygrove College which was established in 1905
• Three bedrooms.
• One Bathroom
• 1,384 sqft built.
• 3,920 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 48,900
Gross annual rental income: $10,200
Property running costs: $2,484 (Tax, insurance and management costs)
Net annual rental income: $7,716
Investment calculation - Net Income divided by Purchase price = NET ROI.