This three bedroom house is located in Krainz Woods on the Eastside of Detroit just 8 minutes from the Belair Mall which holds host to the largest cinemas in Detroit. This area is surrounded by great schools and colleges in Detroit and is less than a mile from John Pershing High School. This property is in a great condition, there are Four large bedrooms, a full basement and a large rear garden with a detached garage. The property has section 8 tenants in place. The monthly rent of $1,100 each month is paid direct to the landlord via the US Government.
This house is located in Krainz Woods 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 John Pershing High School.
• Four bedrooms.
• One Bathroom
• 1,120 sqft built.
• 3,920 sqft lot.
• Fully managed.
• Local staff
• Great location.
Purchase price: 49,900
Gross annual rental income: $13,200
Property running costs: $2,787 (Tax, insurance and management costs)
Net annual rental income: $10,413
Investment calculation - Net Income divided by Purchase price = NET ROI.