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  • 3
  • Michigan
Price £15,340
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Property Description

Bargain home let to long term tenants. 15.8% net yield.
GREAT VALUE FOR MONEY AND PRICED FOR QUICK SALE.

19610 Balfour, Detroit MI 48224 is a well maintained brick built property totalling 850 sq.ft. on a lot of 3,920 sq.ft. and benefits from a detached garage.

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/9610%20Balfour?sort=2&page=1

Reserve this bargain now and start collecting income.

KEY FIGURES:

Purchase Price: $24,000

Closing Costs: $1,000 (estimated)

Agency Fee: $1,500

TOTAL OUTLAY: $26,500

RENTAL INCOME: $7,200

OUTGOINGS:

Property Taxes: $1,800

Insurance: $600

Management: $612

TOTAL OUTGOINGS: $3,012

NET INCOME: $4,188

THE NET YIELD IS THEREFORE A FANTASTIC 15.8%

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

country location
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