Homes Abroad the UK's leading guide to Holiday Homes Abroad

  • 2
  • Michigan
Price £14,382
  • title image

Property Description

GREAT VALUE FOR MONEY

11386 Pinehurst, Detroit MI 48204 is a newly renovated 2 bedroom property of 914 square feet which is located in the popular Barton McFarland district, an area which always enjoys high rental demand.

Long term tenants have been in residence for a number of years and have just signed a new 12 month lease ensuring an excellent income from day one. Great reliable tenants that pay on time each month.

Please copy and paste this link for numerous photos of the property: http://s1287.photobucket.com/user/joshua4012/library/PINEHURST

Reserve this bargain now and start collecting income.

KEY FIGURES:

Purchase Price: $22,500

Closing Costs: $500 (estimated)

Agency Fee: $1,000

TOTAL OUTLAY: $24,000

RENTAL INCOME: $6,000

OUTGOINGS:

Property Taxes: $1,069

Insurance: $500

Management: $600

TOTAL OUTGOINGS: $2,169

NET INCOME: $3,831

THE NET YIELD IS THEREFORE A FANTASTIC 16%

Detroit property investment for income and appreciation is the formula to build wealth in real estate. The combination of income and capital appreciation is the number one reason why Detroit is attracting large institutional investments.

Please contact us to request a brochure with numerous photos or to reserve this property.

Make Enquiry....

Property Location

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