Detroit – $55,900

Net Return – 15%

Detroit – $55,900 Array, Array



This three bedroom house is located on the Eastside of Detroit This area is surrounded by great schools and colleges in Detroit. The property is in a great condition and has just been updated throughout to a Section 8 standard. There are three large bedrooms, a full basement and a large rear garden with a detached garage. There are new Section 8 tenants now in place paying $850 in rent each month. The monthly rent is paid direct to the landlord via the US Government.

This house is located on the Eastside of Detroit, a great area 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 just 8 minutes from the Belair Mall which holds host to the largest cinemas in Detroit.

Property Details

• Three bedrooms.

• One Bathroom

• 1,000 sqft built.

• 5,227 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: 55,900

Gross annual rental income: $10,200

Property running costs: $2,168
(Tax, insurance and management costs)

Net annual rental income: $8,032

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

Return on investment: 15%

Break even in 6.6 Years


Price: 55,900

Net Return: 15%

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