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  • 3
  • Michigan
Price £19,175
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Property Description

GREAT VALUE FOR MONEY

13058 Glenfield St, Detroit, MI 48213 is a recently refurbished detached 3 bedroom Colonial property which is located in a popular district to the south west of Harper Woods.

Built in 1937, the property totals 1,040 square feet on a lot of 5,663 square feet and benefits from a detached garage.

A new tenants is lined up to move in shortly on a renewable 12 month lease to ensure an excellent income from the day of completion.

Please copy and paste this link for numerous photos of the property:

http://s1287.photobucket.com/user/joshua4012/library/GLENFIELD

Reserve this now and start collecting income.

KEY FIGURES:

Purchase Price: $30,000

Closing Costs: $500 (estimated)

Agency Fee: $1,500

TOTAL OUTLAY: $32,000

RENTAL INCOME: $8,100

OUTGOINGS:

Property Taxes: $1,409

Insurance: $500

Management: $810

TOTAL OUTGOINGS: $2,719

NET INCOME: $5,381

THE NET YIELD IS THEREFORE A FANTASTIC 16.81%

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 for further details or to reserve this property.

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Property Location

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