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

  • 3
  • Michigan
Price £17,897
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Property Description

20262 Braile St, Detroit, MI 48219 is a 3 bedroom ranch style home which is located in a beautiful area just 100 yards from the much sought after Southfield.

This property offers excellent value for money and in 2007 sold for $75,000. Refurbished to a high standard, the home has just been let to new tenants on a renewable 12 month lease.

Built in 1952, the property totals 1,028 square feet on a lot of 6,600 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: $28,000

Buying Costs: $1,500

TOTAL OUTLAY: $29,500

RENTAL INCOME: $9,600 per annum

OUTGOINGS:

Property Taxes: $2,260

Insurance: $395

Management: $450

TOTAL OUTGOINGS: $3,184

NET INCOME: $6,416

THE NET YIELD IS THEREFORE A FANTASTIC 21.75%

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

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