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

  • 5
  • Michigan
Price £21,732
  • title image

Property Description

9191 Pinehurst St, Detroit, MI 48204 is a substantial 5 bedroom property which sold in 2005 for $120,000. It is currently being refurbished and new tenants are lined up prior to the closing of any sale to ensure an excellent income from day one.

Located in the popular Barton-McFarland district, this property built in 1928 totals 1,494 square feet on a lot of 4,400 square feet. It benefits from a basement and a 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: $34,000

Closing Costs: $2,500

TOTAL OUTLAY: $36,500

RENTAL INCOME: $10,200 per annum

OUTGOINGS:

Property Taxes: $2,145

Insurance: $395

Management: $1,020

TOTAL OUTGOINGS: $3,560

NET INCOME: $6,640

THE NET YIELD IS THEREFORE A FANTASTIC 18.19%

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

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