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  • 3
  • Michigan
Price £18,856
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Property Description

21723 Nevada St, East Point, MI 48021 is a great value for money 3 bedroom property located in the sought after East Point which sold for $106,000 in 2007. It is currently being refurbished and new tenants are lined up to move in prior to the closing of any sale to ensure an excellent income from day one.

Built in 1927, the property totals 1,312 square feet on a lot of 4,356 square feet. It benefits from a basement and a two car garage.

Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price: $29,500

Closing Costs: $2,500

TOTAL OUTLAY: $32,000

RENTAL INCOME: $8,400 per annum

OUTGOINGS:

Property Taxes: $2,001

Insurance: $395

Management: $420

TOTAL OUTGOINGS: $2,816

NET INCOME: $5,584

THE NET YIELD IS THEREFORE A FANTASTIC 17.45%

For further information or to reserve this property, please complete the enquiry form as soon as possible.

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