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  • 3
  • Michigan
Price £21,732
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Property Description

20476 Mark Twain St, Detroit, MI 48235 is a 3 bedroom detached 9191 located in a popular neighbourhood just to the west of Blackstone Park which sold for $139,000 in 2006. 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 1947. The property totals 956 square feet on a lot of 5,706 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: $9,600 per annum

OUTGOINGS:

Property Taxes: $1,989

Insurance: $395

Management: $480

TOTAL OUTGOINGS: $2,864

NET INCOME: $6,736

THE NET YIELD IS THEREFORE A FANTASTIC 18.45%

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

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